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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (47455)7/9/1998 8:12:00 AM
From: donald sew  Read Replies (2) of 58727
 
Patrick,

>>>> I know I sound a lot like I'm counting a lot on psychology here but market psychology is important once the ball gets rolling in one direction or another <<<<<<

Well, it sure aint the technicals which is keeping this rally moving up with weak market internals and this rally not being that broadbased(RUT not participating, at least not yet).

I thought it was very interesting that CNBC reported that there were 2 BUY programs, but no SELL programs yesterday. We are only about 50 points away from the closing high in the DOW and I feel that is where the Big Boys want us to go, so the market then can be sold at that level.

Obviously the short-term technicals are severely overbought, but when the market is moving or pschology or helium or whatever picking the top is a guess.

Seeya
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