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

To: donald sew who wrote (42548)	5/7/1998 3:24:00 PM
From: Patrick Slevin	Read Replies (3) \| Respond to of 58727

If you draw a trendline from January's lows in the DJIA or the SP8M through the dips in the chart... ...the lows today touched precisely on the trendline. So there could be a delicate point to break....certainly a break to the mid-high Dow area around 8965 would make the environment a high risk one, wouldn't you think? In any event, I am starting to be convinced Greenspan's remarks on derivative imply a rate hike. In any event, even if the market rallies after the numbers tomorrow I think the prudent thing would be to sell it. Everything except DELL, of course.