Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Patrick Slevin who wrote (48874)	7/30/1998 8:30:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE ----------------------- The futures are up significantly again, so the question is will it hold this time. I feel that at least we should close flat again as we did yesterday if not some upside. For 4 days in a row, the intraday low for the OEX was in the 550-552 range and it held. Similar examples can be noted for other indexes. Although the NYSE NEW HIGHS did not impove the NEW LOWS actually dropped out of the 300 range. This is far from saying that the bull run is back, but just maybe enough to help spurt/support a small rally. If there is to be a short-term rally, the best time would be over the next 2-3 trading days. I will not play this upswing, but am trying to time it to initiate PUTS. If it does get as high as 9150-9200 at anytime over the next 2-3 days I will just initiate since I feel it is a very strong resistance. There is a better probability that the upswing to start this morning could hold at that we could be up at the close. There will be some selling into any intraday rally still. But remember - IT'S NOT STRENGTH - IT'S HELIUM AND HYDROGEN. I SAY - HELIUM/HYDROGEN - NOT STRENGTH. HOPE I WAS CLEAR ggggggggggggggggggg Seeya