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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (53489)9/22/1998 10:47:00 AM
From: donald sew  Read Replies (3) of 58727
 
INDEX UPDATE - INTRDAY
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In light of yesterdays strong intraday rebound, there is some significant signs of weakness, so far, today.

The S&P futures were up 12 just before the open, which implied that the the open should have been quite strong; however the highest the DOW got was about 50 points to the upside.

The TICK got as high as 900, which is very strong and supported the futures, but again the DOW was only up 50.

Right now the TICK is up 200 and the DOW down 5, and the TICK has not even gone negative for the day.

Today could possibly be quite weak.

Seeya
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