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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (31071)	12/12/1997 9:41:00 AM
From: Muizz M. Kheraj	Read Replies (1) of 58727

Well... Didn't see as strong an open as I expected after seeing the S&P futures up 7 before I left the house this morning... I suspect that we will want to rally and may even put in a decent rally today, but that this retracement is not over yet. I see 7785 (8170-7400/2 + 7400) as the bottom that needs to be reached before we truly can say that we have retraced. At this point, if we rallied, I'd be happy to say that we are oversold and it's time to buy. Muizz ** On that note, SPX now up 6.01 at 960.95...damn!!!

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