To: MonsieurGonzo who wrote (53470 ) 9/21/1998 9:45:00 PM From: robin 187 Read Replies (2) | Respond to of 58727
Steve or Donald, I've been reading this board for the last several months and cannot believe how much information and insight I've received from it. I do have to admit however, that much of what I read seems like a foreign language what with hammers, bear flag pennants, morning stars, doji, etc... First of all, could you please suggest an easy read book that would explain alot of this TA and it's terminology. Until then however, could you re-explain what you had to say in plain english:):) I'm sorry, I know most of you are much more experienced than I am and believe it or not I'm making progress.... There is another reason I'd like you to explain this so I can understand... I've been sitting on the sidelines for a couple of weeks just waiting for the market to take a hit like it did this morning so I could jump in on some call options. I've been following Donalds index updates and he was predicting that we'd have a drop in the market on Mon, Tues, or Wednesday with a short rally somewhere between Tues, Wednesday or Thursday. I figured that with this mornings drop even if it was a day early I'd be ok. So, I bought AOL Oct. 100's this morning at 5 5/8.... the bid is now 8. I also bought WFC (Wells Fargo) Oct. 330's at 12 3/8... the bid is now 16 3/8. I was tempted to sell at the close today but thought we might get some follow thru tomorrow morning at least. Steve, what are you saying in laymans terms is developing in the different sectors for tomorrow or the next couple of days? Again, thank you everyone that posts here. I can't tell you how much I've learned from you all!! Thanking you in Advance, Robin