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


To: Stoctrash who wrote (48700)7/28/1998 12:32:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (2) | Respond to of 58727
 
my dear
I am in the kitchen cooking up some stir fry
and everytime I come into my office and check the quotes
it just gets worse and worse

at least my csco is holding on

Don's technicals are overriding even my voodoo



To: Stoctrash who wrote (48700)7/28/1998 12:39:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
INDEX UPDATE
-----------------------

If anyone has not noticed, but we got down to negative 170 on the DOW which meant we retraced everything that was gained yesterday.

More importantly, we formed a TRIPLE BOTTOM over the course of 4 trading days. This TRIPLE BOTTOM on a technical basis makes it an important support line with the next one at 8750.

If we break the triple bottom of 8856 just get PUTs since it should get worse.

I truly hope it holds and we can move up some to initiate PUTS at higher levels. On a technical basis we are



To: Stoctrash who wrote (48700)7/28/1998 12:40:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
INDEX UPDATE
---------------------------

Shoot - we just broke the TRIPLE BOTTOM and it does not look good.