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

To: Tom Trader who wrote (44768)	6/4/1998 12:58:00 PM
From: Patrick Slevin	Respond to of 58727

<For example, it would be logical to go flat the futures at 1075+ -- not sure where I'd go short again> Well, that would be a natural area to intuitively be cautious about a snapback rally. Possible logic there would be to determine the next "continuation" point....close half the position, set a sell stop around the "C" point...place a buy stop, preferably trailing, above the balance of the remaining position....and if one of the two stops is hit just wait for the next signal. There are all kinds of ways to finesse it, you have to be comfortable so you might want to examine different options.