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Strategies & Market Trends : Tech Stock Options

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To: The Perfect Hedge who wrote (50851)8/27/1998 10:20:00 AM
From: donald sew  Read Replies (2) of 58727
 
Beeble,

If you saw my earlier INDEX UPDATE, the market would not get to a CLASS BUY status today, specifically today, unless it dropped about 350-400 points, I am not saying that it will get that low.

If you are playing just for a intraday day pop, that would go with my intraday analysis and would vary greatly, with only a 2-5 minute forwarning.

For selfish reasons, since I have PUTS, I was hoping it would not sell off this hard, so it would continue tomorrow. We could get a pop before it gets to a CLASS 1 BUY. It will depend if 8300 holds. If we break 8300 I think 8200 will hold, and that would be the time to buy calls if you are brave enough - Im not.

Seeya
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