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


To: ViperChick Secret Agent 006.9 who wrote (44141)5/30/1998 9:09:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
sector rotion graphs
coolhistory.com

btw, the 5 day trin is at 6.38 according to my quotes...
that is a buy signal...so expect a short term bottom Monday or Tuesday



To: ViperChick Secret Agent 006.9 who wrote (44141)5/30/1998 9:38:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
Evidently Temple is a day-trader and daytraders are always cautious about holding overnight, much less the weekend.

His strategy here followed the same logic. The logic I took was to close out 3/4 of my short position....it was from a higher level than his....I believe it was prudent because the futures would have to rebound a full 24 points to 1115 to give me a break even....other wise it's still profitable.

The risk is greater than Temple put forth in his remark with respect to downside, as the only thing that would enable upside is lack of conflict over the weekend. A rally based on this lack of conflict could of course be shorted once again, wouldn't you say?