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: Gersh Avery who wrote (51291)	9/1/1998 6:32:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

Gersh, >>>>>> Globex futures up and the dollar down has been the setup for afternoon selloffs for a while now. Selloffs have been starting between 1:30 and 2. <<<<<< I have also notice that too. The problem I have this time is that we are now 1800 points off the highs, and there is a sense of capitulation with yesterdays 500 point selloff. Dont get me wrong, and I am not a perma bear, but I am quite confident that we are heading lower. Right now the S&P FUTURES are up 25 amd the DOW FUTURES are up 185 so there is a chance that the market could move up the 200-400 points I mentioned last night. Gersh, I think that if we are up 200 points I will just initiate a small PUT SPREAD, and if it continues up higher I will just add on. I am also quite confident of the SEPT 3 top/reversal to the downside. I do believe that 8000 will be a very tough resistance area, if it gets that high. Seeya