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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (17307)11/2/1998 10:26:00 PM
From: Electric  Read Replies (1) | Respond to of 42787
 
dennis,

Is this pullback like the last one? I dont consider 200 points taking extremes to be a pullback.

I still have that DELL put, and I have pizza money on the call right now. I was thinking on selling the put for scavanger money and holding the call for a week. DELL has not been impressive.

You know the last time that you followed Favors in light of overall market strength, the following few days were very profitable.

If you think that is what he is saying, then I am all ears my friend.

Take note that PREM closed about 4 points over FV, so the futures really have to fall in order to even be flat.

I noticed that he was saying that a higher close throws things out of wack tomorrow, what was it, above the high 8700 level?

I think there is limited downside and if it comes it will be short lived, a few days max.

Notice my hypothesis that during bull runs that the futures close over the cash day after day after day, and they have almost every single day. The one day that wasnt was not very far below.

Make sure you tell me what you as a follower of his data thinks of what he is saying tonite.

If things look solid tomorrow I am going to get some PAIR and ride it for a few points. I need to have more use of market orders, it is killing me. I have noticed that stocks that have been beaten and get some sunlight rally for consecutive days... CIEN/MANU/PLAT and many many others..



To: dennis michael patterson who wrote (17307)11/2/1998 10:27:00 PM
From: marc chatman  Read Replies (1) | Respond to of 42787
 
Here's a chart of specialist and member short positions. While an extreme specialist short position is supposed to be bearish, it doesn't seem to be such a great leading indicator. Maybe the chart is too compressed to read accurately.

marketgauge.com