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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (48806)	7/29/1998 11:58:00 AM
From: joe smith	Read Replies (2) of 58727

don, dont worry about scaring me. ive been bearish for a long time. that run we had to new highs hurt me pretty bad, but im alive to fight another day. i believe we are finally getting close to a confirmation of a downtrending market. i am still amazed at how long it has taken for the masses to start believing we could have a correction. the bad news is everywhere you look. granted i wanted to find it so it was easier for me. the earnigs forecast has been revised down for the s&p 500 every quarter this year. hint hint. people just blew that of as long as interest rates were low and inflation was controlled. and they have been. im not worried about inflation. its deflation that should be the bigger concern. i still think we could be entering a multi year recession. i told you i was a tad bearish. as always the coming months will be interesting. keep up the good posts. i picked up a nas 100 call for a day trade close to todays lows. now if they remain the lows im all set. happy trading js

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