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Strategies & Market Trends : Tech Stock Options
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To: The Perfect Hedge who wrote (34848)2/9/1998 12:00:00 PM
From: donald sew  Read Replies (1) of 58727
 
INDEX UPDATE - INTRADAY
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Near the open today the DOW was up about 25 points and the NAZ was up about 7 points. Each time the DOW dropped the NAZ dropped, but each time the DOW rebounded slightly, the NAZ rebounded much less. Right now the NAZ is down 6.56 with the DOW down 18. Earlier this morning when the DOW was down 18, the NAZ was basicly flat.

Looks like the NAZ is weakening at a greater pace than the DOW so far.

Of course the market can turn around on the dime and head up strong today, but the chances of that happening today is declining rapidly. Subjectively, the chances for the market to rebound to the upside as we get closer to FRI, a friday before a 3 day weekend and expiration week, should also decline.

Seeya
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