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To: Michael Davis who wrote (14753)7/11/1998 7:17:00 PM
From: Patrick Slevin  Respond to of 17305
 
Nice set up these kids have in today's world. When I was that age I spent my summers getting beat up in Newark and East Orange.

My 15 year old was pressed into caddie duty last year and now pulls down 85 to 100 bucks in less than 4 hours. But at the moment he is braving the wilds of Canada somewhere north of Thunder Bay. He has to work his way back with a group of younger kids and 2 older guides to Temagami (a few hundred miles north of Toronto) by early August when I pick him up. Then he goes back to work.

To be honest, I don't pay much attention to Cymer; I just trade the futures closely and don't even know where CYMI closed. I've been keeping my ears open for another good pick; Rambus was the last one I heard but then I missed the trade. Thought I had some more time.

Anyway, this is AdVance's job to pick good tech stocks. There aren't many who can touch him on SI in that realm. My problem is that the only time I did listen he gives me one of his rare slow starters.

However. We do have an interesting set up coming in the broad market. It seemed to flesh out a pattern I was looking at earlier in the week. A failure to 1165, then sub 1160, then a rally back but NOT to new highs (all basis the futures contract).

So, if the pattern completes with another pullback without cresting those mid-week highs first we may have an excellent opportunity to sell the market.

DISCLAIMER. Options expiration week is always full of nasty turns.