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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (56518)10/27/1998 7:46:00 PM
From: BILL G. WRIGHT  Read Replies (1) of 58727
 
Put this in the "for what it is worth department". John Murphy, who in my opinion is one of the very best market technician, stated in his week-end report that he expects a short-term pull back in the market. Also, historically I have found that this week is one of the most bearish weeks of the year. However, this could be distorted this year because of the bullish ramifications created by the Federal Reserve lowering short term interest rates recently. Also, earnings reports could be more positive than expected for third quarter performance. All of this just means I am neutral for this week and undecided about market direction.
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