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

To: kiwi who wrote (34563)	2/2/1998 2:10:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Kiwi, The XAL looks like it could pull back below the 10 day average shortly which is around 685. It was already at 689 on Friday. The last dip on the XAL got to 664. Dont think it will get that low but it could be feasible to it to get to 675 range on a intraday basis. Yeah, the Banks looks strong. Here's the funny thing, the DRUGS is the index today which has pulled back the most off of its intraday highs. Its about 25-30% below the intraday highs while the DOW is still near its highs. I am seriously contemplating getting PUTS on the DRUG, but psychologically, its hard to make that decisions, so I probably wont. It is definitely a CLASS 1 SELL to obtain tomorrow. By the way GLAXO was up over 12 at the open, now only up 8. CNBC is painting such a rosey picture and the market looks really great. Whats that old saying, when theres a bloodbath - BUY, and when it looks great - SELL. EDIT - Also heard on CNBC that the volume is substantially lighter than that of last week. Moving up so strong on lighter volume seems to be a hint of a small pull back. Seeya