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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (57126)	11/5/1998 10:40:00 PM
From: James Strauss	Read Replies (1) of 58727

Electric: New Lows continue to dry up... The A/D continues to improve... AG left little doubt today about the need to shore up liquidity in the markets... This means another FED rate cut... The S&P closed above the 1120 resistance area... Looks like we are going to test the old highs... As long as we have this wall of worry the market will do what most don't expect... As for IOM, with this type of volume on the upside, there is no doubt in my mind that 13.00 is close... There must be a lot of Short covering and institutional buying... Jim

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