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


To: Nemer who wrote (36629)3/12/1998 1:15:00 PM
From: j g cordes  Read Replies (2) | Respond to of 58727
 
Nemer, I was hoping I'd see 1062.5 in your sequence.



To: Nemer who wrote (36629)3/12/1998 2:09:00 PM
From: donald sew  Read Replies (4) | Respond to of 58727
 
Hey Nemer,

Not only is the stock market going nuts so is the bond market. The economic numbers were just in line but the bond was up 40 ticks, thats huge.

I checked the short-term technicals on the bond and it is now overbought, and therefore the interest rates should start to head up soon. But we all know this market - so unpredictable.

Again, the DOW was down 60 points and now we are about even. This buy on the dip mentality cannot continue much longer. I think the top of this market should be around the 2nd and 3rd week of April, and actually I believe that the slowing down process has already started, not to say that it cannot go up still, but the upward movements will start to slow down and am looking at 8800 as the max top till APRIL.

Seeya