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Agreed. I am flat this morning..
BobR
At 07:46 AM 10/21/97 -0500, Lee Clayton DDS wrote:
>Bob:
>The way I read and use AIQ is that option players need to act strictly on
>the ER rating and not mess with waiting on a confirmation of any kind.
>Remember that ER signals on AIQ can come a day or two early so there can
>still be some weakness from here before it is confirmed but if trading
>options, the premium will have already gotten out of hand if you wait for
>the confirmation. Now that AIQ has given a Buy signal and I see the huge US
>as confirming the next move, I look for Confirmed ER's on Stocks (along with
>some other indicators I use).
>
>Bottom line as I see it.....now is not the time to be in puts. I will not
>bet AGAINST a AIQ signal.
>
>Time will tell.
>
>-----Original Message-----
>From: bobrabcd <bobrabcd@xxxxxxxxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Tuesday, October 21, 1997 6:46 AM
>Subject: Re: Did Telescan / AIQ give a signal
>
>
>OK, Lee, here is a responce. Telescan did give the same ER numbers as Dial
>Data for 10/20/97. It also gave a 38/62 WAL. My US will be different than
>yours but the ratio is similar. Now then how will I use the ER rating as
>an option trader? I would wait for the cycle bottom to be put in before
>buying calls. Infact my puts were exited an hour and half before the close
>on Friday 10/17. No way would I wait for a buy on the ER to exit puts, and
>on Monday calls were taken for a ten point ride via the TAPEread3 chart
>posted yesterday. As for Tuesday the volatility distribution and the Zone
>timer have the market virtually flat, see amoss10/20 attachment. Also the
>modified volatility indices have a propensity of making tweezer bottoms so
>I will wait for more divergences to set in before taking this ER rating for
>a longer trade.
>
>At 10:50 PM 10/20/97 -0500, Lee Clayton DDS wrote:
>> I'd sure like to know.
>
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