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

To: HighTech who wrote (47378)	7/7/1998 11:12:00 PM
From: Patrick Slevin	Respond to of 58727

I don't like the action in the more conservative sectors, the OIL sector and so forth. Usually you see a flight to the OILs when the market falters. The Banks also failed in the late innings. I don't know where this McClellon Oscillator got everyone so hyped up.....but in any event..... It does look like a short term top but these things can take a long time to materialize. A break could come in the form of a retreat to the high/mid 1150s levels on the spoos and then a return to the mid/high 60s before a break.....or a spin to the mid high 70's and then a break. I don't know how the E-Wave dudes do it. I can't get any more definite than that, HiTech.