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


To: SE who wrote (46769)6/24/1998 12:56:00 PM
From: Nemer  Respond to of 58727
 
----->I guess nothing will derail this train....

with me having turned into a short term operator and mid term being half a day and long term being overnight .....

1125 SPX will turn back the upward short term trend as resistance or it will be penetrated and become short term support --- and that time is on us RIGHT NOW ---

so stay calm and take a deep breath ------ cause a quickie look and opinion is
down right now ----

but that's my read and not the BBx......gggg




To: SE who wrote (46769)6/24/1998 12:56:00 PM
From: steve susko  Respond to of 58727
 
OEX just broke all time high - it gonna be a big move either way. If it breaks down from here, it will be a heavy fall, IMO.,



To: SE who wrote (46769)6/24/1998 1:59:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
Scott

..my puts are sucking wind right now

you arent the only one sucking wind right now

Don was smart when he did that spread because it has minimized his loss

I am sucking wind big time because of the NAZ and my 5 day trin

Kevin's puts have been more than cut in half because of his money flow

not to mention Freddy who has had a little spanking from...oopps I wont tell on him .... ;-)

I know you read Favors about his backtesting on the NYSE trin from this week

it is a reliable indicator
however
bearshark uses the 5 day trin but he has warned frequently that he questions the value in certain kinds of markets...

well this would be one of them in the NAZ
but not sure on the NYSE yet

the question is how do you tell ahead of time...what those certain kinds of markets are...

I guess I will have to go back and question Bearshark a little more

-----------

ike's take on the market

exchange2000.com