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

To: ratan lal who wrote (42724)	5/8/1998 1:18:00 PM
From: Patrick Slevin	Respond to of 58727

Although popular, I don't have any success with tick or minute charts. The shortest time frame I have consistent success with is 5 minutes, which I use religiously. Not to say shorter frames do not work, just that for me there are too many mixed signals. In any event, my opinion of the pullback stopping before your number is based more on market psychology. I think it woould be a moral victory for the short side to get the market down that far, and weaken the resolve of the long side to hold on. DISCLAIMER My college work was in engineering, not psychology. So take it for whatever it's worth