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Strategies & Market Trends : Tech Stock Options

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To: peter n matzke who wrote (46600)	6/23/1998 11:45:00 AM
From: donald sew	Read Replies (1) of 58727

Peter, I also have a CLASS 1 SELL on most of the HiTech indexes. Actually I am a bit surprised at todays strength in the NAZ. If the NAZ does not retrace downwards over the next few days then I will interpret such as a technical breakout to the upside. I am fulling in cash and not buying any PUTs yet, since, as a rule of thumb I normally initiate new positions when the market overall is in CLASS SELL territory. Believe the OEX, SPX may get to CLASS SELL status if it closes near today's highs. In light of the NAZ's strength today I will wait a day. My luck - watch the market tank at the close. gggggggggggg Seeya

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