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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (49885)8/14/1998 11:46:00 AM
From: donald sew   of 58727
 
INDEX UPDATE - INTRADAY
-------------------------------

MOMO has turn to a stronger negative bias, which is quite obvious since the the DOW just lost 60 points in the last 30 minutes.

I just got the quote on JP MORGAN and it is up 8 points. The DOW ratio for an individual component is 3.3 so that means that just MORGAN is accounting for 26.4 DOW points.

It is still a bit early and I want to watch how the market performs during lunch, but at this time I am sensing a sell-off at the end of the day.

If the TICK can get back near its intraday highs (above 500) with the DOW above/near UP-50, and that occurs between 2:00 and 3:00, I will initiate a PUT position.

Seeya
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