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Strategies & Market Trends : Tech Stock Options

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To: Chip McVickar who wrote (35380)	2/23/1998 2:54:00 PM
From: Kevin Walsh	Read Replies (2) of 58727

Hi Chip and Don, Re: astro stuff. Don, your outlook is right on with the AstroDude. Here's a brief summary. Today's supposed to open higher (which it did), then a minor correction starting later in the day. Tomorrow will have a spike down with a possible sharp rebound. This should be the low of the week. Wed will be relatively flat with a possible test of the lows. Wed is the setup day for a 'huge' rally Thur and Fri. If support levels are successfully tested, the eclipse on Thur at 1:05 EST over Chicago will bring on the buyers. Fri is a continuation day when 'panic' buying may occur. After this week, it is expected that there will be large up and down swings. This will climax to the top about 3/13 - 3/17. This is when puts should be initiated. The last part of Mar and April are as bad Astro-wise as Mar97 - and we all remember what the market did then. Here's an exerpt about Thur and Fri: "My read on this day is it will stimulate extraordinary greed. Greed in this market with so much money sitting on the sidelines could easily mean a buying panic. After the close the Moon will be conjunct Mercury indicating that the media should be buzzing about something Thursday night. This could be a huge day up OR set up an even bigger day up on Friday. Many people expect this is the day the US will attack Iraq. I don't think so because the signature here is one of manipulation and greed and not fear. The last solar eclipse was on 9/1/1997 which was on a US market holiday. The market had been moving lower for weeks before that eclipse and the first trading day after the eclipse on 9/2/1997 was the biggest point gain in Dow history. It would not surprise me to see a low made early in the week that would be enough to get the bears excited and for this eclipse to then produce the stop run of the century. The main feature for Friday is a Moon Mars conjunction that will be exact after the close. Moon and Mars combinations generally produce panic of some kind so whatever direction the market has taken on Thursday is likely to accelerate into the close Friday. This is the day after the eclipse and is in fact just as likely to be an impulsive move as the day of the eclipse. The day after the 9/1/1997 eclipse still stands as the biggest point gain on the Dow in history. Don't think that just because the Dow is up 200 points on Thursday it cannot be up another 350 on Friday. The key word for Friday is panic. Late in the day this energy is strongest. My assumption at this point is the panic will be bulls fearing that they will be left behind. Trading in a panic prone environment has it's risks so be on your toes." Good luck, Kevin

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