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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (58415)4/15/1999 6:17:00 PM
From: Imuah  Read Replies (1) | Respond to of 58727
 
Gersh, thanks for the callback. Merrill Lynch upgraded LLTC today. It was at it's lows of the day when the upgrade came out> That brought it up to the 59 range and when the general market rallied LLTC kicked in for that parabolic rise you mentioned.

The ascending right triangle that I mentioned starts with the low near the close on Monday and extends to the right hitting the lows that you see there. This horizontal line is the bottom side of the triangle. Starting with the first high on Tuesday, extend a line thru the next 3 highs ending with today's. That gives the ascending side of the triangle. The third side is a vertical line at the very right hand side of the chart. If you want to take another look, use the link below.

tscn.com



To: Gersh Avery who wrote (58415)4/15/1999 6:26:00 PM
From: Imuah  Respond to of 58727
 
Gersh, I think the proper term for this phenom is an ascending expanding right triangle. Very esoteric <g> They're supposed to be very rare, but I could not find any info on which way they are likely to break. I think it's Elliot Wave jargon.

So what are you looking at these days? I have a couple of things to pass on. TKLC and CHRZ are in the beginning stages of breakouts. I won't go into any fundamental stuff. You know where to find that if you're interested. CHRZ is the better candidate, IMO, but both look good



To: Gersh Avery who wrote (58415)4/16/1999 10:05:00 AM
From: Imuah  Read Replies (1) | Respond to of 58727
 
Gersh, LLTC hit your first resistance point of 60. Good call. To cover or wait for more. decisions, decisions...



To: Gersh Avery who wrote (58415)4/21/1999 2:22:00 PM
From: GuitarMan  Read Replies (3) | Respond to of 58727
 
Options software needed:
I need a program that will track changes in option trading volume over a specific time period. Using this method I shorted CDN, which fell off a cliff today.

My manual method combines unusual options volume, insider selling, and TA as indicators. I want to automate this process.

Thanks if you can help.