Tech Stock Options Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (42051)	5/2/1998 12:56:00 PM
From: Barbara Barry	Read Replies (1) of 58727

Don, I have noticed the same thing on the weekly oex charts.But it looks similar to last August and the market kept going to reach a double top till late Oct.So I am still not convinced about a near term reversal.At this pace, we MIGHT put in a double top sooner.BWDIK? Maybe next week will tell us if this is going to peak with a double top or go to new highs putting in a right shoulder.(on a daily chart)Our measely little 4% correction was too quick.Acampura said 5-10% now,but nada!This is why I kid with Bill a bit about my psych indicators...they seem more powerful the what the pros use at the moment. IMHO this market is really getting more panic prone.Notice the high open interest for calls and puts on the oex??That little interest rate rumor brought doom and gloom for about 2 days...then the market must have popped some Xanax or prozac and everything is wonderfull again!IF we can move to new highs AND people start to care about fundementals this summer could get rough. Do you have a good site for charts on the a/d, new highs etc.?TIA Regards, Barbara

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next