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Strategies & Market Trends : Tech Stock Options

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To: Trey McAtee who wrote (51793)	9/8/1998 11:50:00 AM
From: MonsieurGonzo	Read Replies (1) of 58727

Trey; RE:" PUTs " >were you or steve talking about the financials? good for puts at this level ? morning star reversal of the DX98Z - Dollar Index could mean that our commodity blip will fizzle out -? The OIX.X has a bullish hammer on its weekly, and a confirmed bullish hammer on its daily chart, FWIW. The OSX.X is weaker; has a hammer on its weekly chart, looking like a short-term top shooting star on its daily (so far) today. If CL98Z - Crude Oil Futures close near or below $14.75 open, it would confirm a little evening star on oil prices. ...big morning star on the Transports. The financials (including GE) opened gap-up and have been selling off downwards since that time; the best entry for a PUT position trader so far today, in the financials (or in LatAm) has been the opening itself. -Steve

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