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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (38511)	4/7/1998 1:52:00 PM
From: donald sew	Read Replies (1) of 58727

Kevin, Nice to seeya again, and thanks for the info on YTK. The overall market looks weak next week, however we may get a mini-bounce tomorrow. If we get a mini-bounce it would lead into Thur being a substantial down day setting up a down bias for most ofnext week. If we do not see a mini-bounce tomorrow then this technical pullback could be over by next Mon, with the market rebounding by mid next week. My technicals are telling me use a 4-5 day down cycle. Keep in mind that the NAZ is already in the 3rd day while the DOW is only in the 2nd day, so there is an overlap. Still getting technical signs that this pullback will not be that strong and that the support at 8750 on the DOW may hold. Seeya

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