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

To: Dwight E. Karlsen who wrote (40611)	4/21/1998 3:37:00 PM
From: Patrick Slevin	Respond to of 58727

It messes me up to try to conceive and nail long term points, like 1190. A guy I know has 10,200 as the furthest without a pullback. I cannot trade that way. Maybe I could invest that way, but then I'd have nothing to do with my time. I look at trading as something one does pro-actively; swinging with the flow at (hopefully) proper points in time. Just reading Dave's stuff gives me a headache, I think if you gave me any point I could pick during the day I could find a place where it would jump out at me that I could make a good buck in less time than it took Dave to write that post and with only a small number of contracts. So after stinging myself last week; although I would like a BK, the opportunity for more consistent profits is on a day to day basis and without any pre-ordained opinion as to the direction of the market next week or next month. I understand it's more difficult to have that opinion when you are trading stock but it just does not work for me. Slow Sto can stay over bought a long time, as I recall. I changed oscillators over from Stochastics to %R. When I traded stock I had some luck with Stochastics, or at least I think I did. But I have found in the last year or so that I'm not as good with them as I once thought I was.