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

To: Patrick Slevin who wrote (47204)	7/2/1998 9:08:00 AM
From: SE	Read Replies (1) \| Respond to of 58727

From what I have seen over the last few days, I would agree with you about the higher levels. There has been absolutely nothing to indicate this is an extreme overbought area. The TICK has gotten above 650 on a couple of occassions, but simply provided a short term consolidation/correction. Nothing to indicate this is not an orderly and longer term run higher. I would expect new highs by the close today. Seems incredible, but that is what it appears like to me. The morning low should be a good time to get long...probably within the first hour of trading. Next week we should see a pull-back of some sort, even if just a small consolidation. Today be a bull, Monday and Tuesday a bear...for a small gain and then probably off to the races, but that is getting a bit ahead of ourselves now isn't it? -Scott