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


To: donald sew who wrote (40358)4/20/1998 8:54:00 AM
From: Patrick Slevin  Read Replies (4) | Respond to of 58727
 
ND8M & SP8M

Unless my quotes are fouled up...and they better not be....I show the ND8M down 200 at 1128.60 and the SP8M down 200 at 1128.60

I'm back in the "let it ride" mode. I get crushed trying to position, so if it is moving up I'm in. But I am certainly ready to double down on the short side at a moment's notice. Scott and I were just discussing that this market looks like a grand pyramid scheme. I remember I agreed with you about the likelihood of a lower market this week. I still think the market will be far lower by the end of the month. But whichever way it wants to go I'll scalp it.

Gee, the thought of the market going down makes my arthritis go away! Neat!!

EDIT: Obviously looked at 2 charts but both SP8M.

I have ND8M flat at 1251.75



To: donald sew who wrote (40358)4/20/1998 9:35:00 AM
From: Kevin  Read Replies (1) | Respond to of 58727
 
>>> Just check the GLOBEX futures on the NDX and it is down 590 so looking weak, and weaker than the S&P. <<<

Good morning Don. How was your weekend?

IMO, we'll see a follow through rally today. NDX, SPX, and DOW all finsihed at, or near, their high for the day on Friday. I witnessed over $1.5 billion of positive MF for the SPX on Friday...largest inflow in at least 4 weeks.

No bad earnings info...no bad eco data...don't see a reason for a selloff right now.

I think the week should end on a positive note, possibly even a new high. JMHO.

Take care.



To: donald sew who wrote (40358)4/20/1998 10:22:00 AM
From: ratan lal  Read Replies (1) | Respond to of 58727
 
donald

Dow down, NAZ up. Would you classify this as up or down for your 3-4 day move. Or do you look at SPX which is basically unchanged.

ratan