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Strategies & Market Trends : Tech Stock Options
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To: jjs_ynot who wrote (45645)6/12/1998 10:29:00 AM
From: donald sew  Read Replies (1) of 58727
 
INDEX UPDATE
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The short-term technicals per yesterdays data was only approaching the oversold territory with only borderling CLASS 2 BUYS to revert to the upside, so there is still could be more downside room.

Unless the market dumps hard today the buy-in day should be Monday.

Since I still have my PUT spread I may enter calls at the low today to form another STRANGLE of sort, so either way the market goes on Monday/next week I should do OK, as long as the market does not remain flat which is unlikely.

I realise that if the market breaks 8750 to the downside is a strong negative; however such will give off a CLASS BUY signal which should still be good for some up movement.

seeya
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