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Strategies & Market Trends : Tech Stock Options

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To: Lee who wrote (50370)8/20/1998 5:57:00 PM
From: donald sew  Read Replies (1) of 58727
 
INDEX UPDATE
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The short-term technicals are now in the upper-mid range heading down.
The DOW/SPX/OEX closed near their lows which often indicate continuation to the downside for the next day.

Tomorrow is expiration day, so funny things could happen.

Frankly hope we head back up but stay below 8850, by next week - since I want to initate PUTS. Just hope that the bigger pullback did not start today, which I dont think it did.

Market internals are weakening again. The RUT is already only 6 points away from its lows. Lets put this way, things are not improving and in many cases they are deteriorating again.

Seeya
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