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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (33263)1/15/1998 12:10:00 PM
From: donald sew  Read Replies (1) of 58727
 
Kevin,

I did not see the signals which would indicated a TDD down to the recent lows, as I indicated previously. If there is a pullback I am estimating the bottom to be at 7650-7700 range.

The bias is still slightly to the upside, and no change yet to my position yesterday which is somewhat neutral at the momen.

The only concern I have today is the divergence between the DOW and the NAZ - so the question for today is will the NAZ pull the DOW up or will the DOW pull the NAZ down.

I never sold my FEB 77 DJX calls nor did I initiate puts, they are on hold for now unless the DOW breaks 7650, but will not add-on any new domestic long positions at this time since I'm already in.

So don't feel alone, that you are taking a contrary position - I'm with ya so far, with my DJX calls.

Seeya and good luck.
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