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

To: marc chatman who wrote (44111)	5/29/1998 7:40:00 PM
From: Patrick Slevin	Respond to of 58727

Yes I saw that. That could foul up things for a bunch of companies. A lot of firms, including RMBS, were counting on a push later this year based on INTC's production schedules. "Your ballroom days are o-ver ba-by..." My kid is hooked on the Doors and Eric Clapton. It's screaming in my ears right now but seemed appropriate. In any event, it appears to add risk to Monday's open. We have Asian problems, potential sub-continent collisions, possible Tech breakdown .... very nervous environment to consider merely a wall of worry. The overall look is....from the cheap seats here....the failure to get to the 1110 area on the spoos which threatens a re-test of the low @ the 1075/6 level which, when broken tries for the 1040 area and a bounce to 1090 or high 90s then a re-trace again. It's a very bearish scenario and it is playing out exactly as it should. It will be very difficult for bulls if this stairstep decline continues, as they refuse to see it happening before their eyes as it is occurring. The bullish case needs motion above 1110. Does not look like it's in the cards. Cancel my subscription to the....Resurrection...