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Strategies & Market Trends : Tech Stock Options

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To: set who wrote (57493)11/16/1998 8:46:00 AM
From: donald sew  Read Replies (1) of 58727
 
Set,

Please keep in mind the my premise is based on the NEW HIGHs not exceeding and staying above 100. If the NEW HIGHs do exceed 100 then the market should continue up more.

It appears that the market is ballooning again. AVCO a $3.00 stock, jumps to over $30 in a day, on rumors/news which, at this time does not appear to support such a pop. The INTERNUTs are running again. The RUT, although strong recently, started to lag the BIG CAP indexes last week - if it continues who knows.

If the rates are not cut, the media/analysts will promote the possibility of rates being cut in DEC, so do not think there will be a huge pullback whether or not the FEDs cuts rates. Just looking for the 5% pullback(about 400-500 DOW points) if the NEW HIGHs stay below 100.

Seeya
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