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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (32242)	1/4/1998 10:41:00 PM
From: j g cordes	Read Replies (1) of 58727

Don, similar to yours.. here's my problem phrased slightly differently. Yes, the techs are very beaten up, yes the dow stocks are least hit. Given that there's an imaginary world that makes all indexes equal it stands to reason that the line of lease support is with those that haven't fallen and those least likely to fall further are those that have already. However.. <gg> If one thinks that money is always (continuously) balancing the 'market' then one concludes we are as in balance now as we were two months ago, as we were six months ago... in other words, there are no relative inbalances in value, only relative inbalances in our charts. So I'm hesitant to suggest that one index need selling to put it right with the others. This fly in the ointment needs further buzzing. Jim

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