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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (53275)	9/18/1998 4:04:00 PM
From: Elroy Jetson	Read Replies (1) of 58727

That's exactly my point. I expected a lot of "Buy on Close" orders which probably close short positions from earlier in the day. The market is headed down and the expiration of options masked that. It made the S&P 500 open up this morning, then sell off. Then the S&P 100 close up today, masking the true decline in the market. Monday and Tuesday should tell. I'm looking forward to a BIG down day soon. I think you are too. Don't be distracted by the options expiration noise this week.

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