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


To: The Perfect Hedge who wrote (32225)1/3/1998 2:32:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Glen,

None of my charts are updated yet, although I believe that the OSX is still in the overbought region or very close to it. It is not a CLASS 1 Sell yet, but that does not mean it cannot drop from here.

I believe the overall market will be up during the early part of next week, with topping out towards the end of next week/following week.

In a trading range market as we have now, I would not hold onto the calls too long, in light of it being in the overbought range. With any move upwards I would take the profit.

Seeya