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


To: Tom Trader who wrote (45074)6/5/1998 3:04:00 PM
From: Kevin  Read Replies (3) | Respond to of 58727
 
>>> Why are you uncomfortable about being long thru the weekend? <<<

Probably because he refilled his Viagra prescription, but his better-half is away for the weekend <<<g>>>.



To: Tom Trader who wrote (45074)6/5/1998 3:17:00 PM
From: j g cordes  Read Replies (4) | Respond to of 58727
 
Why am I uncomfortable... think this is a bull trap, the kind that traps the weeks bull with a weekend announcement going into Monday.

Bonds are ok
Retail has hit on good numbers, some profit taking due
The autos need to relax, sales have peaked and Nissan is laying off
All the techs haven't corrected, expect to see a few warnings

This rally has the "feel" of a short covering rally off a stochastics trading swing.. Europe helped a lot this morning. A/D isn't hot enough to convince me we'll test the top of the channel.