Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AlienTech who wrote (36714)	3/14/1998 1:34:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE ------------------------------ Of course my short-term technicals are showing the bias to the downside for Monday, but I dont trust them for the time being. But here are some mid/longer term analysis which I have done: The NDX, which is a major index, is showing the possibility of a HEAD AND SHOULDER formation. If it does not exceed 1180 next week and settles around 1150, it will form the RIGHT SHOULDER. The next major supports for the H&S formation is around 1100 then 1060. I'm not saying that it will go there yet just that such movement would complete the HEAD and SHOULDER formation. As for timing the right shoulder would be completed by of next week. This would also mean that it would head to the 1100 range before heading back up. If we see a break above 1180 to the upside it would negate this H&S formation. Something to watch. DOW - Here are the dates and levels(closing prices) of the last peaks: FEB 3 - 8160 FEB 18 - 8451 MAR 3 - 8585 MAR 11 - 8675 The upswings are getting smaller and the the time period between peaks are getting shorter. This could be another signal that we are topping out. I am also getting hints of seeing a ROUNDING TOP formation, but needs further confirmation. On the weekly charts the DOW also had a DOJI or small SPINNING TOP, which is a reversal signal itself, but also came after a HAMMER last week. From what I saw, after all the charts were updates the upside movement should be limited and still holding to 8888 >>gggggggg<, as the top. in mid-April, and there are some hints that we may not get that high. The short-term technicals have changed slightly, and it is no longer saying that MON/TUE are up, but that the bias changed to the downside. I had previously indicated that the overall market should be up yesterday since the NAZ still had more upside room. The NAZ was actually up strongly intraday, but the DOW was weak and it pulled the NAZ down off of its highs. The CANDLESTICKS for the NAZ and most of its indexes was an INVERTED HAMMER, which is a normal reversal signal, but this is not a normal market. Again the short-term technicals are showing downside bias - should I start believing them now??? gggggggg Seeya

To: AlienTech who wrote (36714)	3/14/1998 4:46:00 PM
From: Electric	Read Replies (1) \| Respond to of 58727

Alien, I liked the ETurd, that is so true, it locked up on me at close before I could switch a sell on an option I had. I look for returns in the 10-15% range and usually use margin to move that to 20-30%. I also like stocks in the 5.00 to 15.00 range, and the list lately isnt so hot. 2 months ago, the list was much better, more options and better premies. Some of my past favs were ZITL, INEL, VVUS etc.. Do you have a place you go different than www.coveredcalls.com? I also like to only go out 1 month max, not more.. E