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Strategies & Market Trends : Tech Stock Options

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To: j g cordes who wrote (36660)3/13/1998 7:37:00 AM
From: donald sew  Read Replies (2) of 58727
 
Jim,

Great post.

The overall market will become another CLASS SELL across the board by MONDAY/TUE if today is up, which it appears to be. What I have noticed recently is when the overall market becomes a CLASS sell, my technicals still work, its in the magnitude of the dip. These CLASS SELLs are good for only a few points and may be only good for an intraday dip, say maybe 50-100 DOW points - thats it.

But that may be enough information to help us day trade.

After MONDAY/TUE we should see flatness/dip going into expiration.

Seeya
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