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

To: peter n matzke who wrote (44435)	6/2/1998 3:11:00 PM
From: Tom Trader	Respond to of 58727

EDIT >>quite a few big intraday swings recently which i have missed....i can't seem to find an indicator which is catching these moves<< Not sure there is an indicator that could accurately catch such market action--very choppy and really narrow range, for the most part, today. My sense is that the market is getting ready to do something significant -- one direction or the other. Given that most indices are oversold, I suspect that it will be to the upside. I will day trade the break-out, if it occurs, on the long side. There is really no momentum that seems to come in -- on the upside or the downside for that matter. Classic struggle between the bulls and the bears. EDIT: So much for my prediction about a breakout on the upside--no sooner did I click on the "submit" button, the market began to sell off:)