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

To: joe smith who wrote (37147)3/22/1998 8:05:00 PM
From: ViperChick Secret Agent 006.9  Respond to of 58727
 
It is interesting to see the selling pressure

the foreign markets are okay at this point

hong kong not opened yet

wonder if it has to do with the oil agreement????

I guess I need to go over and have a little tete to tete with THE BIG DOG over on the oil thread...

(edit - just found thishttps://www.siliconinvestor.com/readmsg.aspx?msgid=3800470)

of course you cant discount that fact that friday was expiration and its possible it was an artificial rise

however I did see in a yahoo article under the options focus category, that they (cant remember who "they " is) expected there to be a carryover of the strength on monday



To: joe smith who wrote (37147)3/22/1998 8:25:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Joe,

I think the key is how much will CRUDE rise with the news of the reduction of oil production by 1.6-2 mil barrels per day. If it pops up $1.00, I feel strongly that it won't help the market continue up. It should help raise the INTEREST RATES and the CRB which is normally not good for the stock market.

The buy on dip mentality has already slowed down on the NAZ, but as of Friday it was still strong for the DOW indexes. Will the buy on dip mentality continue or will the dips start to get bigger and longer than in the recent past. I feel that we may see more than a 50 point intraday decline before dip buying starts again, but I am not calling for a huge pullback either.

Seeya



To: joe smith who wrote (37147)3/23/1998 3:05:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
My early guess is a weaker open, as the market got somewhat north of it's channel late Friday.

But from whatever point that it opens....presuming of course that by "opens" we are speaking of the time that all stocks are trading on whatever index you follow.......I think the overall pattern shall be a rise, although the late afternoon may be weak.

But I'm only guessing, I really don't have anything to support this theory.


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