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

To: donald sew who wrote (48606)	7/27/1998 4:57:00 PM
From: Daveyk	Respond to of 58727

I have to add that technicians are happy as long as new lows stay under 120-100.This would be when they would begin to feel a reversal is imminent.Over 300 is extremely bearish.When new lows first exceed 140 techs start to look for good shorts and avoid long positions.I'm with Don that we're going lower soon after a head fake rally as good as anything Michael Jordan could dish out so beware. Regards,Dave

To: donald sew who wrote (48606)	7/27/1998 5:44:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

<suck the smaller investors in to hold the market up long enough to get out at better prices.> Exactly what I suspect is going on. I'm no market guru but the rally late had no substance. The logic appears to be to suck in the minor player to sell to while the smart money bails out. Just a guess.