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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (39609)	4/14/1998 8:53:00 PM
From: Patrick Slevin	Read Replies (2) of 58727

The Plonk analysis. It's understandable that many would follow this. It's a Utopian view that would cash in big bucks in a wild market. Older people don't go for this much. Dave is a young guy and excitable. Frankly I think he's real bright but pushes his opinion a tad. However, I think we have come to the end of making excuses for Dave. I for one have privately disagreed with his calls many times but everyone on SI has become very excited, have they not? I am not an apologist for Dave Plonk. If Dave is calling for the end of the world tomorrow this is fine. Let's figure out what the market is going to do from our point of reference. I have up into late Thursday, this is based on pattern techniques which have this as a wave which matched a pattern that produced a low early in the week and bounces through late Thursday and continues on through a selloff on Friday. The absence of option related activity and International pressure contributes to a downturn on Monday where acceleration to the downside should occur. Now, what do you think?

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