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


To: Patrick Slevin who wrote (40092)4/16/1998 9:57:00 PM
From: jjs_ynot  Read Replies (1) | Respond to of 58727
 
The killer is that these folks, in general, can't even match half of the S&P performance.



To: Patrick Slevin who wrote (40092)4/16/1998 9:58:00 PM
From: nnillionaire  Read Replies (1) | Respond to of 58727
 
Patrick,

Heck, you are asking the wrong guy. The person that put me on to one of my current best long holdings (saphy) is an electrician's assistant.

My comment was just a gut reaction to so many folks in the bar giving stock advice. The folks at the place that I tend to frequent for dinner have little interest in the markets until the markets are fairly frothy. Otherwise the Yankees are top of mind for conversation.

Good Investing.



To: Patrick Slevin who wrote (40092)4/16/1998 10:04:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Patrick,

Japan is down substantially again and the futures are also down. Looks like the weakness will continue, so far. I rechecked the cycles and this down period should last until Tue/latest Wed.

I still have no technical evidence of a very strong pullback just yet, but should at least be as large as the previous ones if not larger.

Plenty of technical reversal confirmations and techhnical signs of reversals to begin for those sectors which did not drop strongly today.

edit - The COMP, NDX, MSH, IIX, appears to be forming a double top. If tomorrow is down in these indexes, such action will be a strong confirmation of an interim top. Also, with double top formations, recall that pullbacks after such formations can be strong, so this may be the first signal that a bigger pullback could happen. This was an edit and contrary to what I indicated above that I saw no signals of a bigger pullback.

Seeya

Seeya