Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ViperChick Secret Agent 006.9 who wrote (46822)	6/24/1998 5:23:00 PM
From: donald sew	Respond to of 58727

INDEX UPDATE ------------------------- The market internals (NEW HIGHS/LOWS, VOLUME, UP/DOWN VOLUME) are improving. If we are up again tomorrow it would confirm that we are in TECHNICAL BREAKOUT MODE, which means that my short-term technicals are of little use to determine when it will pull back. I have ammended my position to a range trading trend and it is much less likely that we will be setting lowers lows. PUTs take caution. There still should be a pullback soon, but it should not be as deep and may be very small. Dips now should be taken as buying opportunities. The NDX, OEX, SPX, HFX, DRG are all near their highs or have set new highs. These are major indexes and are a strong portion of the overall market. On the other end many discounted that the YEN dropped substantially in value today. Since the market may be in TECHNICAL BREAKOUT MODE, I currently do not have any time-frame. I will also be very cautious of any further SELL SIGNALS. Seeya