|
PureBytes Links
Trading Reference Links
|
TRaffertu@xxxxxxx wrote:
>
> Hi RT's,
>
> Friday the OEX closed below the 10 wk. moving average. Support is at
> 895 and again at 875. Resistance is at 907 and again at 924. The index may
> bounce tomorrow, but if selling deives it to close below 895 I expect it to
> move to the 875 level.
>
> I will be watching S&P futures and bonds before the opening tomorrow
> AM. If it appears the market wants to go substantially down, I will be
> buying puts in the morning. If it opens weak or up, I will be into calls at
> 907+.
>
> Opinions welcome.
> Good luck and good trading,
> Ray Rafurty
I am also going to be looking for a P/C ratio during the day where the
Total index is greater than 200... If the market starts to go up and the
P/C ratio starts to also rise. That is a good indication of many that
the rally has begun. ie on the half hourly basis.
108,, 112.. 130.. etc..
|