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Strategies & Market Trends : Tech Stock Options

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To: joe smith who wrote (37147)	3/22/1998 8:25:00 PM
From: donald sew	Read Replies (1) of 58727

Joe, I think the key is how much will CRUDE rise with the news of the reduction of oil production by 1.6-2 mil barrels per day. If it pops up $1.00, I feel strongly that it won't help the market continue up. It should help raise the INTEREST RATES and the CRB which is normally not good for the stock market. The buy on dip mentality has already slowed down on the NAZ, but as of Friday it was still strong for the DOW indexes. Will the buy on dip mentality continue or will the dips start to get bigger and longer than in the recent past. I feel that we may see more than a 50 point intraday decline before dip buying starts again, but I am not calling for a huge pullback either. Seeya

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