Tech Stock Options Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: vegetarian who wrote (48942)	7/31/1998 4:29:00 PM
From: donald sew	Read Replies (1) of 58727

M.Carter, I agree that there should be a bounce on Monday which should be used to initiate PUTS. Obviously, the media will not have more negative opinions from guest analyst. Regardless, todays action looks absolutely awful. It is not that the DOW was down so much but that we should have had some type of positive movement today for some follow-thru of yesterdays upward rebound. I recall that even during the downdraft of last year, whenever we got a BUY signal the market rebounded nicely in the 400-600 point range. We had a one day rebound and thats all. Sure the market can bounce Monday and a few more days, but it appears thats it. It appears that the DOW is having a real tough time breaking convincing above 9000. I will have to conclude that 9000 something will be the resistance, and a strong resistance. Will check out to get a more accurate figure and post it over the weekend. I really do not want to sound like a hypster. I truly try to keep my analysis as objective as possible, but so far there is hardly any good technical signs right now in the market. Market internals are not improving, individual indexes are starting to set more lower lows, etc. seeya

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next