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


To: kiwi who wrote (32104)12/30/1997 2:03:00 PM
From: randy kay  Respond to of 58727
 
Donald, I'm thinking there might be a pullback and then another stronger move up afterwards. Please post if you see this possibilty.
I can't see how things can continue straight up after such a strong jump out of the gate. Although volume is not outstanding, I did see some interesting blocks yesterday at about 3:45 on MSFT and LU, very different animals but similar pattern yesterday which makes me think this might not be a sucker rally, maybe just delayed. I'm only watching for now, not taking any positions but when I do they will be to the downside.

Randy