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Strategies & Market Trends : Options-Technical analysis -- Ignore unavailable to you. Want to Upgrade?


To: browser who wrote (285)3/23/1999 6:52:00 PM
From: Richard Strutz  Read Replies (2) | Respond to of 296
 
Browser,

I wouldn't have bought the April 100's yesterday if I knew today would
"sell off" like it did, I would have waited till the last hour of today. I did pick up May 100 calls on PG today which I feel should be enough time once the market rebounds. I also like SFE if it hits 52 or so, I'm in for July/Aug calls. I really bought the PG based on technicals more than momentum, since it finally closed above 94 15/16, unfortunately the anticipated pullback came today otherwise PG would have hit 97-98 easily. What's your feeling on the Dow, 9500-9550 bottom? Any ideas?
Thx,
Rich