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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (45402)6/10/1998 8:58:00 AM
From: donald sew  Read Replies (3) of 58727
 
INDEX UPDATE
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Per the short-term technicals the overall market is a CLASS SELL to obtain at today's highs, wherever that is.

At the open it appears the market will be weak. I normally do not chase if we start tanking right from the open; therefore I am hoping for some upswing intraday to initiate more PUT. Still have my previous PUT SPREAD.

Now we have to see if the pevious dip levels hold, but if we do start down from here, we just got another LOWER HIGH, which is a hint (slthough needs confirmation) that we could go lower this specific down cycle.

Seeya

Seeya
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