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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (27106)10/27/1997 2:59:00 PM
From: Carlyle  Respond to of 58727
 
TT,

With AG speaking this week, we will see some stability. The question is the one you speak of. Just how big will this snow ball get? It has been rolling down for a while now and seems to be gaining momentum.... If I were sitting on cash, I think I would wait till after AG speaks. Opinions??

Carlyle



To: Tom Trader who wrote (27106)10/27/1997 3:00:00 PM
From: Kevin  Read Replies (2) | Respond to of 58727
 
>>>Next level of support on the DOW is around the 7000-7100 level<<<

I agree Tom. I see 7087.39 as the next support.
For the SPX I see the next supp at 880.48
For the SPZ I calculate the next supp at 878.50

After those levels are broke (if the are broke), I'm not sure how to generate lower supports with my system. That's scarey!

I have a weird feeling right now with the market halted...almost like holding my breath. Can't wait for the re-open!


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