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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (48755)7/28/1998 10:54:00 PM
From: donald sew  Read Replies (1) of 58727
 
INDEX UPDATE
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For a while I thought the market would intensify its downside without me in PUTS. Yesterdays rebound of 170 points and todays of 120 indicate that helium is still in the market.

I wont bore anyone with the market internals since they have not improved.

Per my short-term analysis the market is still near the oversold region and hopefully it can still move up some. Im targeting 9150-9200 as the maximum, if it gets that high. I still have the 4 day period of this Thur-next Tue for the top of this immediated short-term cycle to end. At this point it appears that there should be 2-3 days of either up or flatness before we start heading down, so Friday seems to be the turning point.

Seeya
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