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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (31953)	12/26/1997 7:28:00 AM
From: donald sew	Read Replies (1) of 58727

INDEX UPDATE -------------------------- Korea was up close to 7%, but Japan was down and gave up its gain it made on Thursday of approximately 2.5%. N225(JAPAN) is still about 150 points above its bottom and it appears that it is doing a technical delayed dip (double bottom). My technicals had indicated a CLASS 1 BUY earlier this week and it moved up, but is now retracing. If the bottom does hold over the next 1-2 days, then it will be a technical delayed dip and should continue its move up early next week (Monday/Tuesday. Since the Korean market was up substantially, I am suspecting that it will also do a technical delayed dip and move back down in the next few days whereby the recent established bottom will hold and then continue with a stronger move upwards, similar to that of what I suspect Japan is doing. The futures is currently up 7 points, and if I recall correctly the futures were up also on Wed about the same before the open. We closed down on Wed about 31 points, in light of the futures being up before the open. Such could also happen again today in light of the short trading day/low volume. The technicals still look intact for the domestic markets to move up in the immediate/near future. Seeya

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