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Strategies & Market Trends : Tech Stock Options

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To: joe smith who wrote (37200)	3/24/1998 1:57:00 AM
From: Patrick Slevin	Read Replies (1) of 58727

<ps we had 6 straight up days in feb> I do not doubt this, I just say it's rare. Referring to a commentary, I read that -There have only been 3 other times the market crossed and closed above 2 new "100"levels in two consecutive days -Only 13 other times in the last ten years that have seen the DJIA close positive Monday through Friday -Friday was the first option expiration Friday to post +100 or more points -The DJIA posted 5 consecutive Record Closes....The "record" for a streak like that was 7 in February 1996. -In addition, the DJIA posted 5 straight Intraday Record Highs AND Record closes. The "record" for this is 6, in 2/96 and 6/97. -The longest consecutive streak was 11 days. with the DJIA gaining a total of "only" 302 points. Last week the DJIA gained 311 points. So the fastest run in history. (Once in 1996 over 13 days it gained 352 points with one negative day.) So all I was saying was that I was looking for tomorrow to be weak; I'm not looking for a sharp decline as yet. I just believe it cannot stay this hot, that's all.

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