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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (32455)	1/8/1998 8:45:00 AM
From: donald sew	of 58727

INDEX UPDATE ----------------------------------- Please keep in mind that I am now in very very short trading mode and may even be considered true day-trading mode, since I am now going after every ripple. I had indicated yesterday that this reversal may be very weak. I just hope that yesterday's reversal in the DOW of 120 points intraday is not all of the reversal, which could be the case in light of the futures being down right now almost 4 points (although am not aware of the fair value right now). For those following my OSX calls, I may be exiting with a small profit. My SHORT-TERM technicals are in the mid-range so they can go either way now, and unfortunately the bias is basicly ever so slightly to the downside. In reality it is non-directional, not too much help here. I will be waiting after the open to watch for signals as for today's direction. Please keep in mind that if the market opens down, which the futures indicate so far, such may not be the best indicator of the direction and I will be looking for specific signals to determine the correct direction. Seeya

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