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

To: donald sew who wrote (47479)	7/9/1998 9:22:00 AM
From: Patrick Slevin	Respond to of 58727

<Well, it sure aint the technicals > Earnings reports will continue to come out weak from what I read. This Yahoo thing seems a bit silly. 0.15 on a 200 dollar stock. Seems like a lot of snake oil salesmen out there. <2 BUY programs, but no SELL programs yesterday.> Possible. I don't have that machine up yet, the one where I could quickly look to "guess" if any came in but I recall there were no really serious negative TICK readings.....perhaps the largest was around the low -300 range. Without looking at PREM and TIKI that's the only clue I have at the moment that Sell programs, if they were there at all, were small. <We are only about 50 points away from the closing high in the DOW and I feel that is where the Big Boys want us to go> That would appear to be a "confirmation" level to sound the "All is Well", reminds me of the Tower Guard in the Wizard of Id. All is well and the castle is full of goofy cartoon characters. Anyway, I think I may get long to play the mania with a SAR to hedge my bets. ETH just brought the spoo down a bit more and a pullback to the low 70s will see me prepared to go either way. I think the pullback shall fail and then try to move higher. I have an inkling the move to bring the DJIA to new highs should be carefully watched, as you say, for an opportunity to short. I cannot expand on that, as I am pressed for time at the moment to bring the other systems up....bye.