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

To: peter n matzke who wrote (44277)6/1/1998 2:02:00 PM
From: Tom Trader  Read Replies (1) | Respond to of 58727
 
Peter -- my system will not reverse to a sell today

It can go flat -- but that is purely a money mangement stop.



To: peter n matzke who wrote (44277)6/2/1998 12:38:00 PM
From: Tom Trader  Read Replies (1) | Respond to of 58727
 
Peter and anyone else who is interested

If the SPX can take out the 1101 level any time today, it will constitute a continuation signal--and given yesterday's buy signal and the oversold market, I suspect that it will be very tradeable.

I will add half a position to the long side if this occurs and the other indices are not diverging in a marked way.

But as always, I reserve the right to be wrong


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