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

To: Robert Ague who wrote (37033)	3/19/1998 11:17:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE ------------------------ Recently, I indicated to watch the NAZ and NDX for direction. Since the NAZ exceeded its DOUBLE TOP chart formation, it indicates that the bull run is still intact and that it can go higher. It does not mean that it cannot pullback right now, just that after any dip it should continue up thereafter. The NDX is slightly above 1180 and is on the borderline of breaking the head and shoulder chart formation. Still needs confirmation. Per my short-term technicals it is indicating that tomorrow in the buy in day for PUTs, which has happened several times and produced only minimal dips, and in some cases only intraday. Weakness should continue as it was today. Only at the very end of the day is there buying. We are very close to the interim top before a pullback. DOW -8888, and SPX at 1100. Seeya