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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (30595)	12/8/1997 12:03:00 PM
From: donald sew	Read Replies (3) of 58727

INDEX UPDATE ----------------------- The XOI completed its CLASS 1 buy cycle by moving up 11 points on Friday. As I am writing this post it is now almost down 5 points to the 265 range. Originally it was a CLASS 1 buy at 257. It may be going for a double bottom (actually triple bottom). If it gets to the the 260 range it will be a buy again and have set a limit order for JAN XOI 460 calls at about 15. It may not get there, then I just wont get in. The SOX and the weaker HiTech indexes are doing well, and is one confirmation that such sector should continue to move up. Happy trading

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