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

To: The Perfect Hedge who wrote (32965)	1/12/1998 11:32:00 PM
From: donald sew	Respond to of 58727

Glen, The OSX was a CLASS 1 BUY to get in at the low on Friday. I realise how hard it is to get the low for the day. That in itself is an art. So it should have started it reversal latest today, and there is a hint that it did. I realise that it was below the previous days low, but it closed slightly above the opening price forming a DOJI with upper and lower shadows. After examining the charts, it is in a downtrend, especially in light of the recent huge drop, but the charts indicate that it has found the short-term bottom. This could also be the mid-range bottom, but need further confirmation. The OSX is showing weakness so far, but if the market is up it should also be up. Please keep in mind that the OSX is following the price of oil. I am not sure if crude was down today. As for the XOI, do not know why it was much stronger than the OSX today. The next resistance line is at 103, and do feel that the OSX can get there, keeping in mind that I am not considering the direction of crude oil prices. Hope I was of some help