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: PnclNk who wrote (49134)	8/3/1998 5:37:00 PM
From: donald sew	Respond to of 58727

PnclNK, I missed it also. Oh, well. Was hoping for 40-60 point up and at about 2:30 it showed signs of reversing to the upside then the big sell program came in. I have to check the charts but my early calculations indicate that the NAZ is a CLASS 1 BUY and the DOW/SPX/OEX may be CLASS 2 BUYS at the lows tomorrow. These CLASS BUYS will not work except for a quick intraday to 1-2 day bounce then the selling to resume. There was a strong support line at 8750 which the market may bounce off of it for that short lived bounce then break thru it to test the 8570 support line. The other possibility is that the market cuts right thru the 8750 support and heads straight to 8570. for now I am siding with a quick bounce off 8750 support, basicly where we are now. The market looks quite bad, especially the NEW HIGH/NEW LOWS.