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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: Caroline who wrote (835)	9/3/1998 9:07:00 PM
From: Wayners	Read Replies (2) \| Respond to of 927

Hi Caroline. I think HIT is in a trading range between $47 1/2 and $55 for now. I would either buy puts if HIT is at $55 or if it breaks below $47 1/2. Showing a hook down on 5 day stochastics, however the trend on 5 day stochastics has turned up. I think HIT is putting in a temporary bottom that may last a couple of months where it will remain in the $47 1/2 to $55 trading range. The volatility and trend of volatility is decreasing, again supporting the trading range theory. I'd expect the trading range to narrow over time. I wouldn't buy puts here. I'd sell or write puts near $47 1/2. Thanks for asking. I thought we had a dead thread here.