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Strategies & Market Trends : Tech Stock Options

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To: Stoctrash who wrote (48700)7/28/1998 12:39:00 PM
From: donald sew  Read Replies (1) of 58727
 
INDEX UPDATE
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If anyone has not noticed, but we got down to negative 170 on the DOW which meant we retraced everything that was gained yesterday.

More importantly, we formed a TRIPLE BOTTOM over the course of 4 trading days. This TRIPLE BOTTOM on a technical basis makes it an important support line with the next one at 8750.

If we break the triple bottom of 8856 just get PUTs since it should get worse.

I truly hope it holds and we can move up some to initiate PUTS at higher levels. On a technical basis we are
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