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


To: Nemer who wrote (49813)8/13/1998 2:32:00 PM
From: SE  Read Replies (2) | Respond to of 58727
 
Things look odd to me today. The SPOOS are staying flat or rising and the TICK continues to drop. I am seeing this on the 1 minute bar chart of both. This is happening in a background of SPX dropping, DOW dropping TRIN rising etc.....

Have seen this twice today. Seems like someone is buying SPOOS in the hope they can jump start this thing. Won't happen. No one, not even a big guy can run this market for long.

Maybe I am just over-reading it, but it just doesn't appear to be acting right today.

-Scott

EDIT - Of course, right after I post this the SPOO takes a 2 point haircut to finally follow the rest of the stuff.



To: Nemer who wrote (49813)8/13/1998 2:49:00 PM
From: SE  Read Replies (1) | Respond to of 58727
 
I wonder...it seems that for the last several weeks, no one has wanted to be long over the weekend and FRI mornings or afternoons would sell off. Now knowing this and knowing that Clinton lies on Monday I wonder if the folks looking to exit positions will be doing so today instead of tomorrow, knowing everyone else will be looking to do so tomorrow.

What do you think? Sell off this afternoon? Starting a bit early to carry through to the close, yet one never knows. If it does carry through it should be a good one.

-Scott