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Strategies & Market Trends : Options

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To: edamo who wrote (7775)5/10/2000 11:11:00 AM
From: Tom K.  Read Replies (1) of 8096
 
...not the time to be buying calls.......

Ain't that the truth !!

Keep an eye on the volume today. It's been below average so I think when the big boys come in, they'll either drive it to the pits, or they'll scoop up big time. I think that there is still a lot of money on the sidelines and still flowing into the 401K's. However, with the economy looking like it may be peaking, a lot of the money may be cautious and moving to money market funds through self directed IRA's and 401K's.

My guess is that we've got more room to go on the down side.

Tom
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