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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (3322)3/14/1999 1:19:00 PM
From: Ken Adams  Read Replies (1) | Respond to of 39683
 
TC,

I like your BJ pick. I've been thinking about doing some of these trades with options. If BJ can take out Friday's high of 24.875 in the first 1/2 hour Monday, I'll try to pick up about 10 of the April 25 calls, which should be available around 1 to 1.25, depending.

timely.com

I don't particularly like the way price came back so much on Friday, that's why I want to see Friday's high taken out early.

We'll see! Ken



To: Dr. Stoxx who wrote (3322)3/14/1999 8:39:00 PM
From: Dr. Stoxx  Read Replies (3) | Respond to of 39683
 
HERE ARE THE CHARTS FOR BTTT PLAYS:

Ken already posted the chart for BJ. Here are the rest:

STEI short: timely.com

MACR short: timely.com

MNMD short: timely.com

IBM short (sorry Caroline!): timely.com

All of these are showing "classic" BTTT signals, but we now also have the assurance of trading with the weekly trend, as afforded by the MACD on weekly charts.

Actually, many of the big tech stocks look shortable: DELL, MSFT, INTC, etc. And with the NAZ bouncing off resistance at 2400, we should see some nice returns on the short side.

Good luck, TC.