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

To: jluker who wrote (40808)	4/22/1998 2:08:00 PM
From: donald sew	Respond to of 58727

John, Per my short-term technicals the OSX is now in CLASS sell territory, but looking at the charts the next support is at 112 range. The OSX is right now forming a double top. Whether it exceeds the previous peak or not will be the key. Since the short term technicals indicate a sell now the probablity is that it will not set a new high this cycle, but who knows in this very strong market. With the way money is rotating into the NAZ and SOX specifically, the overall market is still heading up. Any pullback should be small in the OSX. The best chance for the overall market to sell off is tomorrow and the next 4 days. After than we will move to the upside. Seeya