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Strategies & Market Trends : Tech Stock Options

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To: George Mc Geary who wrote (50443)	8/21/1998 4:02:00 PM
From: donald sew	Read Replies (1) of 58727

INDEX UPDATE INTRADAY ------------------------------ WOW - what a day. The DOW was down almost 280 points and we recoverd about 200 of those points. Many will feel that the sell-off was overdone. However on the other hand I feel that the rebound may have also been overdone. Dont discount the basics that the market internals/technicals are bad, just because we had such a big rebound. Conversely we also cannot discount the fact that we rebounded so much on a intraday basis. This will definitely make my analysis more difficult. Will be doing my homework over the weekend and hope I can make some sense of this. Seeya

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