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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (48835)	7/29/1998 4:23:00 PM
From: donald sew	Read Replies (2) of 58727

INDEX UPDATE ----------------- Per candlestick talk, today's candle on the DOW should be a small spinning top which indicates indecision on the part of the market. Since the short-term technicals are in the oversold range and we get a spinning top feel that we should be up thru Friday. Then the downside should begin next week or as early as Friday afternoon. I am also sensing the possibility of a nice surge to the upside, which I would interpret as a BULL TRAP, if it happens. Still see the maximum top for this cycle at 9150-9200. If and when we get to 9150-9200 range, I will be very comfortable to initiate PUTs and then go to the golf range with Patrick and Electric. gggggggggggggg Seeya

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