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Strategies & Market Trends : Tech Stock Options

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To: The Perfect Hedge who wrote (52817)9/16/1998 11:53:00 AM
From: donald sew  Read Replies (2) of 58727
 
INDEX UPDATE - INTRADAY
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Obviously, no firm direction so far.

Around 11:30 the TICK got up near 600, but the DOW was only able to get to UP-20. Not great for a positive 600 tick.

On the other hand, at about 10:45 the TICK got to about NEGATIVE 100 and the DOW got to NEGATIVE 28.

For the time being this is not a sign of strength, but possibly some weakness on the horizon. Of course it can change at anytime, and I have not forgotten that we have GREENSPAN in about an HOUR.

Would not be surprise if we rally in the next hour into the Greenspan meeting.

Seeya
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