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Strategies & Market Trends : Tech Stock Options

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To: Jerry Olson who wrote (31896)12/24/1997 9:02:00 AM
From: Kevin  Read Replies (1) of 58727
 
Thanks Jerry! I wish you and the wife the best and hope you enjoy the holidays and your vacation. I'll be off Jan 1 - Jan 5....not doing anything special just using some vacation days to RELAX and get away from the markets. Maybe I'll go motorcycle riding. That reminds me...update on the tickets: I paid 'em and said screw it. They were due Dec 17, or I had to go to court in mid Jan. I didn't feel like dealing with it and the fines were pocket change.

Today's data:
SPX---
975.38
959.78
949.45
piv:944.18
933.85
928.58
912.98

break: 946.36

SPH8---
994.27
972.87
958.93
piv:951.47
937.53
930.07
908.67

break: 955.72

I expect today to be really boring. Futures are up 7 points, but I think we'll be flat today. My two trend indicators (3-7 days and 3-5 weeks) are both still confirming the bear trend that was triggered at the open Friday morning. I'm still looking at a trip to 900 for the SPX, but I doubt we'll see any good move until the holidays are over.

Talk to you later!

Kevin...Chieffy Jr.
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