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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (47647)	7/12/1998 11:20:00 AM
From: John Lacelle	Read Replies (2) of 58727

Donald, I would say "keep and eye on your bear indicators". I think we saw the market top this past spring. The Asia fiasco has caught up with us. It kind of bums me cause I called DOW 10,000 by July 31 about 2 years ago but the wind is out of the sails. The trend is down. Just wait till all these BABoos start seeing negative returns on their 401(k)s. It could get ugly... Right now, I think we are hitting a double top, and weakness is starting to show everywhere. Plus, there is endless turmoil throughout the world. Check out Russia. What is about to happen there is food for thought. What the market needs right now is a good 40% correction. -John

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