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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Nemer who wrote (35693)2/28/1998 12:02:00 AM
From: Patrick Slevin  Respond to of 58727
 
Eh. you should have watched the times.

I left the screens at 3:10. They are not up now, but I wrote down (key to understanding turns based on times) the market spun and burned at 2 EST.

What a shock.

I don't follow it, but I glanced at the DJIA and it dropped 30 points or so between 2 and 2:30.

In my world, The high on the SP8H at 2 PM was 1053.40

At 2:30 it was 1048.50

The difference is 590 points or $1475 per contract.

I really don't know what happened after that, because the system is down for the weekend. However it is impossible to make money on that off OEX trading, for example.

In any event, having a clue as to when the turn is certainly can be very profitable.

See you next week.