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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 681.92-0.7%Dec 31 4:00 PM EST

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To: Suresh who wrote (15886)5/7/1998 7:22:00 PM
From: Clint E.  Read Replies (1) of 69358
 
Well Suresh. I kept my CCI & BAC but didn't dare to nibble on anything else at the end. LSCC looks stable so I kept it. TLAB is stubborn but it will come down soon.

This was the worse sell off that we had since last week. However, Equity call vol was 384K to 161k in put vol. Need to wait until tomorrow to see what the net effect on OI was. Once we get a whole bunch of put buyers, we should be getting ready to reverse. Bob is a master of tracking EPC and analyzing it.

Let's see how the numbers are tomorrow. If good, we should see a relief rally but I think you may be right in saying that it will be short-lived. We know we are going to open with a gap. The question is which way and when to reverse, if any.

I will look at my stocks and come up with a list for tomorrow, long and short. Should be a fun day.

Going home;

Clint
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