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To: rupert1 who wrote (2890)8/6/1998 6:19:00 PM
From: AlienTech  Respond to of 5232
 
You are right, It will close either at 35 or 40 depending on the news. Most likely 40 for now. But time to buy puts again if it crosses that. 5 points UP! Amazing..



To: rupert1 who wrote (2890)8/6/1998 8:35:00 PM
From: BostonView  Respond to of 5232
 
Victor - Isn't this market just too darn crazy these days to rely on "normal" technical's? Anyway, I'm not a card carrying member of the T/A camp (but I do like saying "fibonacci").

Nor am I too greedy. I sold my trading shares today for a handsome 25% gain, the third time in 1998 the market has given such a gift following an irrational CA sell-off >20% (this one was the fastest, but neither of the other two required more than a month). This has been my rule of thumb on profiting from CA's volatility. It's not scientific, but it has worked well in the past.

BV