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

To: AlienTech who wrote (37036)	3/20/1998 7:01:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE ---------------------------------- Hi Alien, The best buy-in day for a PUT is when the martket is running to the upside. My system anticipates the reversal and does not wait for the trend to turn. Even in the recent past these signals still worked, but guess what - the reversal to the downside was very small, and followed immediately by the buy on dip mentality. I do still see weakness for next week and I am holding with my top of DOW-8888 and SPX-1000 for the short-term interim. As I have indicated previously, that the bull trend is still in intact, and after some weakness next week there should be a month end rally to the 2nd week of April - at which time further direction will be determined by actual earnings and interest rates. If one is planning a short-term PUT trade, I am saying that today should be a good day to initiated a PUT at the high of the day. Right now the futures are up so today should be up, which makes it better to initiate a PUT per my system. As for weaknesses for next week, keep in mind that the DRG, RETAIL, AIRLINES, were actually weak this past week and they were the hottest indexes in the past. Money is definitely rotating which most interpret it as a sign of strength. However in addition to being a sign a strength it is also a sign of saturation. Getting back to initiating PUTS, they should be targeted on areas of weakness not strength, just as many are now looking for niches to the upside. I am now looking to play PUTS on the SOX, IIX, XCI, WFC, AIRLINES. Have not yet made my specific choice yet. Seeya