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Since were only talking about opinions here, I'll throw my thoughts in. It
"feels" to me very, very much like October 1998 at the bottom in both SP and
Nasdaq. I think the low is in personally. I am considering a strategy of
selling puts on the SP futures with a strike below the recent low, and
simulataneously selling calls on the SP futures with a strike around the
recent highs or a bit lower. I think that we are likely to see trade
increasingly less volatile and more in a trading range for the next few
weeks. If we did break lower I would cover the short puts and hopefully
cover off most of that loss by staying short the calls. But really, I think
it stays in the range, so that I will profit on both sides of the equation.
When implieds are this high, it is the time to do this type of strategy.
As well, especially on an intraday basis, I would also be looking for
increasing tendancy toward false breakouts, on say a 5 minute chart.
----- Original Message -----
From: neo <neo1@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, October 20, 2000 7:44 AM
Subject: RE: Nasdaq to 1800
> The 200 day MA has turned down and that is a strong sign of a bear market.
> That does not mean we will not get the Nov-Jan upturn. The big questions
are
> still out:if and when?
>
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