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To: Chris who wrote (5993)2/12/1998 10:56:00 AM
From: Chris  Respond to of 42787
 
Subject: Tech Stock Options

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You have 3 unread messages

To: donald sew (34955 )
From: donald sew Thursday, Feb 12 1998 10:38AM EST
Reply # of 34961

INDEX UPDATE
----------------------------------

For those playing PUTS, please do not expect a huge decline. Not that my system is so accurate with price targets, but I give my targets.

For those who got the DJX calls yesterday, they should be profitable by near the close tomorrow if not today. This is time to CHICKEN TRADE soon.

If the DOW gets to the 8150-8200 range on just a intraday basis by tomorrow, I will be selling at least 1/2 of my positions, if not all with a slight gain.

Do not get discouraged if today closes flat since it will still be a reversal confirmation signal, but if it closes up more than 25-30 points then thats the time to start worrying a little.

Please keep in mind that this is a very strong market and we are bucking the trend going after a little ripple. Remember, the old saying - dont buck the trend, so this is definitely the time not to get greedy.

I will try to get back after lunch, and give an update on my new LUNCH-TIME indicator which is used to determined how the end of the day will turn out. It is still in the test stages, but has had good results over the last few weeks.

Seeya

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To: Chris who wrote (5993)2/12/1998 9:15:00 PM
From: jmac  Read Replies (2) | Respond to of 42787
 
When you wrote this, INTC was around 83 going down to test its
200 day ma. we had a successful test (I hope). So, last week, on Thursday
we had a one day reversal to the downside (after the gap was filled).
Now, today, we have a one day reversal after INTC hits its 200 day ma.
What does it do now? I would opine that the open interest in Feb options
at 85 may keep a lid on INTC for the next 6 days. But, maybe, hopefully,
I am wrong. I sure wasn't about the DOW.