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


To: Stoctrash who wrote (41134)4/24/1998 5:32:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
Reading some commentary I notice that McMillan points out the very negative market breath.....wondering whether it will be the start of something serious or just some relief.

Anyway....I still have about a half hour of reading to catch up on.

Because I trade in and out for very short periods I really only care about today. I think if there is an early rally from what appears to be a down open at this point, then a short could be entered with the idea of catching the low of the day mid-morning and watching it slowly bounce all day. Possibly a serious late day selloff; but it would depend on how severe the early selloff is.

My parabolic is set differently than yours. My daily is at 1111.74 on the SP8M.

Speaking of which....Ensign (DOS) kicks up my SPX with the decimal moved one place to the left. What's up with that? I have not gone through the manual yet to find out.