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

To: Kevin who wrote (39744)	4/15/1998 11:36:00 AM
From: ViperChick Secret Agent 006.9	Respond to of 58727

"IMO, we had profit taking in the financials, selloff in the techs..." THat was not a selloff in the techs... that was just PROFIT TAKING...ROFLMAO and on 4/6 CCI only closed 1.5 off its high with that day having a spread of 20 points... JPM 5/8 off its high WFC .75 off its high CMB .25 off its high at least according to my quote source that aint no profit taking to cause that rip at the end of the day on the S&P (but hell I dont even know what bank stocks have the heaviest weight on the SPX..so maybe the heaviest bank had a sell off...whoops...i mean profit taking..) there was a 10 point spread in the SPX that day..and we closed near the low.. so what I deduce from what you are saying FOR ME is that if the S&P looks weak it is weak at the time and space AND it doesnt matter if the reason is sector rotation....the S&P can still be weak and you can still see follow through on that weakness BUT nancy is right and I really need to watch that kind of thing more carefully... the futures starting selling off BEFORE the close and finished selling off before the announcement on motorola! Motorola annoucement was way after the close. I was online that day when it crossed the wire and hit CNBC...AFTER 5:00 of course maybe the report leaked to the big guys.... "the ugly bond lady" on CNBC is saying bond market worried about some report in a London paper that says that Greenspan could barely hold back the guys from increasing rates..