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

To: Barbara Barry who wrote (40292)4/18/1998 5:22:00 PM
From: Darth Trader  Read Replies (1) | Respond to of 58727
 
Thank you for responding, I understand that my "timing" may be off, but my concern is insurance - just that. While May is generally a bullish month, Jan was supposed to be also and showed otherwise. I will run with the Bull until my stop losses are hit.

Funny you should mention Credit Card defaults. I work in that industry, and my understanding is default rate is actually down and there is increasingly more competition to gain card holders through enticements of "fixed" 9.99% rates.



To: Barbara Barry who wrote (40292)4/18/1998 6:50:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Barbera,

I am still in agreement that if a pullback in the DOW does occur in April it will not be that huge. I am still sticking to my 8750 support area, if it even gets that low.

If the 8750 support area in the DOW is broken to the downside, then the correction will be a large one, but for now feel 8750 will hold.
At the end of April, I will probably play my month end rally and go long into MAY. The key will be if 8750 holds.

Seeya


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