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


To: Robert Graham who wrote (41522)4/27/1998 3:14:00 PM
From: Patrick Slevin  Respond to of 58727
 
With respect to the SP8M, I think the support is 1085ish, with the next one around 1070.

However, it looks to me as if we have out bounce but the subsequent reflex rally will fall short of previous highs(on the S&Ps, anyway) and the more serious pullback can start from there.

I think it is only a question of time before the bond and dollar break below support. Just my opinion.