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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (48606)7/27/1998 4:57:00 PM
From: Daveyk   of 58727
 
I have to add that technicians are happy as long as new lows stay under 120-100.This would be when they would begin to feel a reversal is imminent.Over 300 is extremely bearish.When new lows first exceed 140 techs start to look for good shorts and avoid long positions.I'm with Don that we're going lower soon after a head fake rally as good as anything Michael Jordan could dish out so beware.

Regards,Dave
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