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Strategies & Market Trends : Tech Stock Options
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To: The Perfect Hedge who wrote (39940)4/16/1998 11:24:00 AM
From: Patrick Slevin  Read Replies (1) of 58727
 
I think this is the bounce.

A short-term trader might sell here looking for SP8M to drop 7 or 8 points more then bounce again. The last bounce should continue the lower high pattern intraday, I would think.

Educated guess, anyway.

EDIT. Yes, I shorted a couple of times early. I may have to see the dentist this afternoon so I had to get everything set up early.
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