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Strategies & Market Trends : Tech Stock Options

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To: j g cordes who wrote (37573)	4/2/1998 4:35:00 PM
From: donald sew	Read Replies (1) of 58727

INDEX UPDATE ------------- We will be crossing 9000 within the next 2 days. I was checking my short-term technicals, and the interim top should arrive on TUE. The pullback should begin as early Monday afternoon and as late as Thursday. I am still sticking to my position of 9100-9200, but as I have said many times earlier my prediction is more based on time than price. Unless things changes I will be initiating PUTs on TUE/WED. As for the downside I am seeing the first strong support at 8750. If the market gets to 9100-9200 a pullback to 8750 would be right in line. Seeya

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