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


To: John Lacelle who wrote (47834)7/15/1998 1:45:00 PM
From: donald sew  Respond to of 58727
 
John,

Overall, I am negative to the market for the longer term, but for the interim I will still be playing short and long positions for the short-term since I am not an investor but a trader going for as many ripples as possible on a technical basis.

Getting back to your thoughts, the psychology towards the market as you mentioned seems very high. Would guess that the PUT-to-CALL ratio is low(contrarian indicator). Market breath is weak, along with other market internals. Capsulized - its a HELIUM MARKET which many feel ends with a blow-off top.

do you sense a blow-off top in the making.

As for Asia, I feel that it would take a few years for them to recover, and to think that their effect on our market, in this global atmosphere, is short-sighted.

I also see those deflationary signs - lets just hope it does not get that bad.

Seeya