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

To: Patrick Slevin who wrote (49285)	8/5/1998 8:47:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE -------------------- Just heard on CNBC that of the 15 x 3% one day drops,I believe since 1987, 14 of them have bounced back. The one that did not bounce back was the one that in the early 90's at the beginning of that bear market. If I misquoted, please correct me, since I am not that good at reporting. I believe that very soon/immediately, we should have a bounce and this bounce will be a major key to what to expect in the future. If there is a bounce and it is sold off almost immediately - that could inticate that we are heading alot lower. If a bounce holds awhile, it could indicate that we may not drop as much as everyone thinks, at least not right away. Dont misinterpret me, the market looks very unhealthy, but it is important to keep a cool head and to watch the technical and fundamental signs, and not put too much attention into the analysts and media. The perfect example of why not to fully listen to the analysts is the 180 turnaround in less than 24 hours by RALPH MAKE-EM-POORER. Anyone can change their position, but to make a complete reversal, so fast and with NO WARNING. Would like to know when Prudential started selling - I bet you it was before Ralph changed his position. So, watch the market carefully - make your own conclusion - dont be head-strong with your position in case there is a change. Again, watch this forthcoming bounce, it there is one, as a strong key to how the market will act later on. If there is not bounce - would that confirm a bear market - probably. Seeya

To: Patrick Slevin who wrote (49285)	8/5/1998 9:33:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

I was trying to find your post on OEX/SPX options and came across "In my opinion, you are a complete idiot".>>>>>> Mr "I am a StockBroker and we are the only ones who know what we are doing and the rest of you should stay out of the market" is an idiot...almost to rival Burrito Head...but not quite and to be precise..I didnt say COMPLETE...but I should have after seeing his response to DSG

To: Patrick Slevin who wrote (49285)	8/5/1998 1:43:00 PM
From: Electric	Read Replies (1) \| Respond to of 58727

Pat, Stock Wars... that is classic.. You can tell I havent been catching up on posts too quickly, but I had to comment on that one.. I warned that guy that messing with lisa can be messy.. And I told him that I didnt need to stick up for her, she can do that well enough herself.. But if it got too much or abusive I would say somthing of course.. Looking at how the day is going, I am concerned about the bond close.. The stats since Greenies visit to Washington havent been good, I think we have been down every day but one, after the bond closes.. Meaning that we have proceeded downward after that point, or continued lower. Today might follow that. I have noticed a little better internals, not great but better... I agree with Bob Pppp that we needed more down today before the rally for this to be over with...