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

To: ViperChick Secret Agent 006.9 who wrote (35837)	3/3/1998 9:51:00 AM
From: Electric	Read Replies (1) \| Respond to of 58727

Lisa, Good point... and you are totally correct.. I was up a double and in probably less than 2 days that is split in half.. Still think this stock will run after it shrugs news that is really inapplicable to it.. CPQ missing numbers has nothing to do with DELL or how it will hit or miss.. There is alot of support for the stock, and I am biding time, also my calls are Mays.. so I am not overly nervous.. but it sure makes me mad..lol I am working on a theory here ask me about it later, it deals with overvaluation of options and a possible trend in the stock.. if it panned out, it might be a great indicator.. See ya...

To: ViperChick Secret Agent 006.9 who wrote (35837)	3/3/1998 10:26:00 AM
From: donald sew	Respond to of 58727

INDEX UPDATE =============================== Obviously the HiTechs are showing strong weaknes today, but now the question is will the downtrend in the HiTechs continue beyond today. I just checked the NEW HI/LOs for the NYSE and the NAZ. The ratio for the NYSE is still high and right now it is 60 new highs and 6 new lows, giving a ratio of 10, but the ratio for the NAZ is on 3.6(51 new highs, 14 new lows). The ratio for the dow is not declining but is flat compared to the 5 and 10 day moving average, while the NAZ's ratio is declining. Also the XAL and the transports are showing strength today. I am concluding that today will again be a relatively flat day for the DOW and that the NAZ may bounce back tomorrow or later today. If I am correct, then this flat plateau which started yesterday should continue till WED/THUR. Then the news on Friday may be the turning point to the downside. Even if the news is good, we could see a short-term pop, but it will only delay the pullback a few days. I strongly feel that we will not go up strongly, say to the 8800-9000 range until we have a small pullback. Technically a small pullback is healthy for the market to continue up. Please keep in mind that we are still in an uptrend for the longer term. Now if the earning warnings are really bad/ interest rates continue to rise/ other bad news, then of course the pullback can intensify. Seeya