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Strategies & Market Trends : Tech Stock Options

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To: Alan Smithee who wrote (33781)	1/21/1998 2:20:00 PM
From: Nemer	Read Replies (4) of 58727

David: Just a note on my big box 's assesment of the current action----- SPX is approaching resistance of 968.60 and the next thirty minutes should reveal the remainder of the afternoons action. I'll try to spell this s l o w l y for little lunatic lady lisa , cause I surely don't want her hollering to me about misinterpretation >>>>GGGGG<<<< IF 968.60 is broken within the next 30-40 minutes and SPX stays above it for 15-20 minutes the rest of the afternoon will be above that level. IF 968.60 is not penetrated, then the afternoon will be below that level. As I was typing this about 2:10 EST and when I posted, the SPX headed south towards support at 965 so the following comes into play----- IF 965 holds and the SPX bounces up then the remainder of the afternoon will be above that level, but care should be given to the 968.5 resistance as it will remain strong for today. IF 965 doesn't hold and is penetrated, that will be the high for the remainder of the day. Came home for a short lunch break . The new facia and soffit boards should be installed today if the rain will slack up some. Hope to start the "timberline" roof shortly......... Then the new windows..... Regards-----Nemer

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