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


To: MonsieurGonzo who wrote (29449)11/24/1997 7:49:00 PM
From: Jerry Olson  Respond to of 58727
 
Steve

Nice analysis, BTW the Japan markets are already down to 16000...4%..this of course the morning session...Lunch anyone???:>}



To: MonsieurGonzo who wrote (29449)11/24/1997 7:52:00 PM
From: Muizz M. Kheraj  Read Replies (1) | Respond to of 58727
 
<< We await the reaction to Tokyo/Seoul, and DELL's fine earnings.
>>

Steve,

Dell came out with great earnings, beating street estimates by 4 cents...Nikkei down 4.29% and South Korea down 5.83% thus far tonight. I find it interesting that your next level of DOW support is only 20 points below today's close...especially considering that the way the overseas market's are reacting, we could open considerably below this support. I note (from a rough TA look) that support for the DOW will come at 7700 and then 7400...I think we'll be searching for the second level tomorrow...

S&P futures down 3 1/2 overnight

Muizz