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Strategies & Market Trends : Tech Stock Options

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To: Nemer who wrote (49302)8/5/1998 10:03:00 AM
From: ViperChick Secret Agent 006.9  Read Replies (2) of 58727
 
Mr Computer Hit Man

Fred and I were talking about this post a little last night before my VoxPhone..or his (i think it was his!!!) went defunct

anyway....do you see any significance in the difference in the trin...

+William H Hueb (23264 )
From: +P.Prazeres
Tuesday, Aug 4 1998 11:31PM ET
Reply # of 23295

Bill and ALL,

- 539 NEW Lows on teh NYSE today...simply awesome...that number was higher than
the Oct selloff.
- -1755 tick at one point during the day, lower than the Oct97 selloff.

But here is the kicker, the Arms index only got to 2.02. In October it was over 10!

We didn't have a capitulative type of selloff today even though a shit load of damage
was done. Maybe we get it tomorrwo morning.

I'm going out on a limb here, but i bet we get a snap back rally tomorrow just because
NOONE is expecting it....If it does happen, then use the strength to sell into it. Also the
50day MA will be resistance (assuming the DOW trades and closes above the 200day
MA).

Paulo
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