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Strategies & Market Trends : Tech Stock Options

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To: Darth Trader who wrote (40446)	4/20/1998 2:53:00 PM
From: Patrick Slevin	of 58727

The Banks have been coming off an overbought position, is what I thought. It seems like just a natural "letting off steam" which should precede either another move towards new highs od....if there is bad news somewhere, a decline below where a recovery would be viable near term across the board. These IBM earnings may provide some fireworks. I think it was last year or maybe the year before that they came out strong, the market moved higher for 3 hours, and fell like a rock on no further news. One thing for certain, I won't stay short overnight.

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