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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (34534)	2/2/1998 9:20:00 AM
From: Greg R	Read Replies (1) of 58727

Don - It is good to hear both approaches give the same answer. I am still concerned however over the "ceiling" I've put on the DOW. It is related to a much larger pattern that had its origin several years ago. Although the ceiling is not lower, it could be higher. If I am wrong, the maximum of the DOW that I am expecting at 8050-8060 could be too low. From a planning point of view, I will let my long IBM positions ride to take advantage of any upside potential there may be. IBM adds to my discomfort with the DOW however. It does not show the same ceiling as the DOW. It shows no aritifical ceiling at all! However, when all is said and done, the DOW as shown is the most accurate I can make it given current information. home.istar.ca

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