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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (51932)9/9/1998 3:32:00 PM
From: MonsieurGonzo  Read Replies (2) of 58727
 
RE:" NDX-100, SOX.X and MSH.X reversal... "

...we'll get a shooting star on the TechStocks today; even if it rallied into close, they would make a doji after long white candle, indicating a reversal of sentiment (downwards).

we assume the near-target is the Tuesday (futures) gap-open.

selling should persist and dig into yesterday's candle all week long, don't you think ?

damn LatAm is falling away from me; I should have just jumped on the ShortLine RR momentum, rather than anticipating that the record DOW and weak USD would give me a position on USD-denominated ADR funds EWW BZF AF and CH - it's just a relentless decay like the OSX.X was doing.

-Steve
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