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Strategies & Market Trends : Tech Stock Options
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To: Brad Hill who wrote (25247)10/7/1997 1:37:00 PM
From: donald sew   of 58727
 
Brad,

I do play the NDX often, and currently I am still holding onto 1/3 of my OCT 1090's which I orginially purchased at 29.25.

Technically, only a few indexes were lagging behind the overall market: DOW, NDX, SOX. According to my divergence analysis(GUITAR)
there is still quite a bit room for the NDX and the SOX, especially the SOX.

Just from the short-term technicals, the NDX and the SOX are still in the mid-range with a strong upward bias.

The next resistance line is at 1145, which is the high for the NDX. My technicals are not that accurate to predict maovemment in uncharted territory. I do feel comfortable that NDX will test its highs at 1145.

Since I profited already from 2/3 of my original position, so I will let my calls ride and see if it sets new highs.

You may want to consider profiting from half of your position and let it ride.

Seeya
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