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

To: j g cordes who wrote (29477)	11/25/1997 9:08:00 AM
From: Kevin	Read Replies (1) \| Respond to of 58727

>>> the drugs are holding pretty well.<<< Jim. I've never touched the drugs (sector). I just say NO. Here's my numbers for the day. SPX: 987.40 969.53 958.10 piv:951.66 940.23 933.79 915.92 Below 948.68 is still a bearish trend. B/T 948.68 & 951.66 is neutral, and above the pivot is a bullish signal. SPZ7: 985.97 969.67 959.73 piv:953.37 943.43 937.07 920.77 Below 952.83 is still a bearish trend. B/T 953.37 & the pivot is neutral. And above the pivot is a bullish trend. I will exit my puts if we reach .50 points above the pivot (with a confirm from the other doing the same). At this point, I will also enter calls. I may not do either trade until the 10:00 Consumer Confidence report is released. Not sure if that's considered not listening to a mechanical system, but I think it's something for all of us (with index trades) to consider this morning. I'm still not convinced that the Asia drop last night won't pull our market lower today... Talk to you later. Kevin