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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Jumper who wrote (7819)11/13/1997 5:09:00 PM
From: Cynic 2005  Read Replies (5) | Respond to of 18056
 
Jumper, don't ignore the significance of today's reversal in many leading tech stocks. COMS, AMAT, INTC, DELL, KLAC may have seen a bottom, IMHO - at least a local nadir. The volume on these issues is indicative of this. Now, if the reversal is significant or not, much depends on the tomorrows numbers! The NH-NL still doesn't indicate a bottom for techs!
I wish I closed some of puts today!
-Mohan



To: Jumper who wrote (7819)11/13/1997 8:52:00 PM
From: P.T.Burnem  Respond to of 18056
 
Jumper,

What really happened was: SP500 bounced off the 900 level and NASDAQ followed.

SP500 is now in a 900-950 trading range.

PTB