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Strategies & Market Trends : Tech Stock Options
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To: J.T. who wrote (33896)1/23/1998 12:48:00 AM
From: donald sew   of 58727
 
JT,

I missed the high on the index by about 1 point. Got in when the index was at 1028.

I realise that many feel that with the news on MSFT today, that it may continue up. Without going thru a whole technical analysis on MSFT, I have a technical sign that it may have started its turn downward, of course its non conclusive and needs confirmation. INTC is approaching overbought, I realise many will disagree. CSCO, started its reversal down clearly per tonights charts. The key to my NDX PUT is if MSFT does not move up tomorrow, if its flat thats the topping off sign, and should start to move down a little by Monday if not tomorrow. MSFT's short-term technicals are the highest they have ever been thru-out the whole year per my parameters.

Wish me luck.

Seeya
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