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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (45663)6/12/1998 12:38:00 PM
From: SE  Read Replies (2) of 58727
 
In the for what it is worth column, my indicators show no turn around at this point. We just had another spike on the PREM that indicates a small bounce off of 8700, but nothing to get excited about. We shall see. The buy signals have been strong, but according to my new way of looking at them, not extreme. Looking for a massively negative PREM as an indication that a buy is in place. Using the June PREM as that is what quote.com is still using I would suggest anything around -8.00 or better accompanied by a very negative TICK (-1200 or better) and a TIKI of -28 or -30. Should all occur within a 15 to 30 minute time frame of each other.

So for now, still down.

-Scott
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