Tech Stock Options Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gersh Avery who wrote (47198)	7/2/1998 8:40:00 AM
From: donald sew	Read Replies (1) of 58727

INDEX UPDATE ---------------------------------- Per my previous post I had indicated that the top of this short-term rally to arrive WED/THUR. My short-term analysis, per yesterdays data confirms that and the overall market is a CLASS 1 SELL to initiate at the highs today. During the strong runup in JAN-APR when I receive these CLASS 1 SELL signals the market still pulled back, but the pullback was a measly 50-100 points and once the pullback was only intraday. As I have indicated recently the key is the market internals for the meantime and they have improved nicely yesterday. If it still improves the pullback will not be large but should still be deeper than the 50-100 point pullback for the immediate short-term. With many of the indexes setting higher highs or near their highs and if the market internals continue to improve the market will be in motion to produce HIGHER LOWS and HIGHER HIGHS. The current position does not look good for puts, and I will not act on the CLASS 1 SELL signal, unless I see a downswing in the market internals, which I do not see happening today. I will be going long on the following dip. Seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next