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Strategies & Market Trends : Tech Stock Options

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To: the options strategist who wrote (47103)	6/30/1998 3:31:00 PM
From: donald sew	Read Replies (2) of 58727

Jen, >>>>>>>>> I thought the market was going up because of money coming in to "rebalance" for the end of the quarter. So now why is the dow going down again? OH, I AM SO CONFUSED. <<<<<<<< ROFL, simply put the short-term technical are severely overbought. Per my past notes, I was calling for the top tomorrow/THUR so I may be a day late. Still feel that the top could occur tomorrow Thur in light of the month end window dressing, but once that is over watch out. EDIT - I would not be surprised if we closed flat or slightly up with only 20 minutes left. Seeay

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