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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 (21159)5/18/1999 10:02:00 PM
From: dj8000  Respond to of 42787
 
Dennis:
I don't have a strong opinion about market. Bought some a while ago during that mini-NASDAQ correction, and will probabily not initialize new positions, but will see.

From TA point of view, DJIA had a correction from about 9400 to 7400 with height being 2000 (9400-7400=2000). Now we break out 9400 long ago, so DJIA should go to 9400+2000=11400. So if it went around there, I will definitely a seller.

Also, a good hedge will be an index call option.

DJ