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


To: Kevin Walsh who wrote (28625)11/17/1997 7:06:00 PM
From: MonsieurGonzo  Respond to of 58727
 
Kevin; RE:"keep an eye/ear out for a short term top..."

Barring some tremendous news / overseas market event, it looks to me like TUE or WED we will continue intermediate-term DownTrend. Looks kinda top-heavy around SPX = ~950, actually; (the current DownTrend Line). Still might bust it on news/event, though. This 3-day rally from panic-support level has declining volume, so I agree that PUT opportunities are the correct thinking.

I am new to OEX options trading, but I have certainly enjoyed learning about and using them in recent sessions.

-Steve