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

To: Clay M who wrote (43687)	5/21/1998 8:56:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE ------------------------------ The DOW/ NON-HiTECH indexes are basicly in the upper middle range, with the BKX, DRG, PNX, RLX already as weak to medium CLASS 2 SELLS. If the market continues up I am still sticking to the top for this short-term upswing to arrive TUE/WED of next week; however if the market is up strong again today, even intraday the top could arrive as early as Friday. Being reminded by Patrick that this a holiday weekend, it may be a possible setup for a selloff before the weekend. As everyone is aware of the technicals of the overall market is weak. The DOW was up over 100 points but the NYSE actually had one more NEW LOW than NEW HIGH, and also the weak ADVANCE/DECLINE. Also the huge divergence between the NAZ and the DOW. Still holding to the trading range of 9300-8750, with girations of 200-300 points within that range. Seeya