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Strategies & Market Trends : Tech Stock Options

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To: Judy who wrote (19730)	8/15/1997 2:49:00 PM
From: Tom Trader	of 58727

Judy, my luv The short-term trend of the market turned down on Thursday, a week ago. The intermediate trend is still up but very close to turning down--if the market closes anywhere near its lows of the day, IMO, we will have had an intermediate trend change. On the positive side the bonds are holding up well though there is a flight to quality on the short side. The techs have been holding well but if there is an intermediate trend reversal, the techs will follow suit. Will not take any long positions today unless the SPX shows signs of closing over 916. Need to log off soon--take care, my dear

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