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----- Original Message -----
From: "Gitanshu Buch" <OnWingsOfEagles@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, September 21, 2000 8:42 PM
Subject: [RT] Re: Market - OEX
> I concur. I'm lifting most of my shorts tomorrow around the open and
> covering my bottoms.
>
> As to going long: I'm watching 5 min charts for low risk entries.
>
> This will obviously put implied vols out of the ballpark. So I will likely
> consider lower risk outright longs or deep ITM calls for leverage instead
of
> OTM calls.
>
So why not sell deep ITM puts. If we have found a short term low then that
is obviously good for the puts but even if we haven't the volatility will
evaporate quickly making for a good quick trade. At this point I put more
faith into my pucker index than anything else.
John Manasco
> Be a tough liquidity spread tradeoff, though... and this would classify
> first as a trade and not an investment.
>
> Gitanshu
>
> > Perhaps Friday will form the third hammer candlestick putting the final
> blow into >this September downtrend.
>
>
>
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