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Strategies & Market Trends : Tech Stock Options
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To: HairBall who wrote (51196)8/31/1998 10:25:00 AM
From: donald sew  Read Replies (2) of 58727
 
LG,

This is very bad right now since 8000 did not hold. We got a 40 point bounce to the upside in the morning, but thought we would have gotten a bit more into the 50-75+ range. As I indicated in the past, we may be seeing the reverse of the strong runup during JAN-MAR where everything was exaggerated to the upside(speaking of my short-term technicals specificly), but now in reverse.

My CLASS BUY is to be initiated at todays lows, so we could still get a bounce, but how low will it go first. I think this mornings selloff will be todays lows.

seeya
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