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Strategies & Market Trends : Tech Stock Options

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To: jjs_ynot who wrote (43808)	5/23/1998 4:32:00 PM
From: donald sew	Read Replies (2) of 58727

Dave, >>>>At this point a tightrope walk is the order of the day IMO. The upside appears to be very limited. The downside is very murky. My market bets going forward are basically those which will win if the market doesn't move up (i.e. vertical-like spread strategies). This market has breakout potential based on daily MACD charts but no catalyst to make it happen. We are on a very precarious balance.<<<< Being basicly a technician, that is why we are now forming TRIANGLES amongst the various indexes. I interpret TRIANGLES as an interim where the overall market cant make up there mind, evidenced with light volume. Seeya

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