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

To: donald sew who wrote (51813)	9/8/1998 2:19:00 PM
From: Debra Orlow	Respond to of 58727

thanks, I checked, my datafeed was wrong on the high for that day.

To: donald sew who wrote (51813)	9/8/1998 2:27:00 PM
From: Trey McAtee	Read Replies (2) \| Respond to of 58727

donald or anyone-- kind of dumb question, or at least i think it is....but.... do options split? i was holding a small DELL call position which has not increased in size. should i call schwab and start complaining? the reason i ask is that i have never held options through a split on the underlying common, so i dont knwo a thing about it. good luck to all, trey

To: donald sew who wrote (51813)	9/8/1998 3:50:00 PM
From: Saulamanca	Respond to of 58727

Don, looks like the rectangle pattern on the SPX broke to the upside and should go to near 1060. What is your target on this pattern ? Jim

To: donald sew who wrote (51813)	9/8/1998 5:10:00 PM
From: steve susko	Read Replies (3) \| Respond to of 58727

You mentioned if the Dow snap up to 8100 in a short time, we could see a re-test of 7400. Well, today monster rally is shy of 8100 by only 50 some points. BTW, does today action negate the bear pennant.

To: donald sew who wrote (51813)	9/8/1998 6:14:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 58727

Donald; RE:" baby bounced " I figure, if the futures are weak tomorrow, we get a harami; if they're strong at the open, we get a shooting star. A lot of TechStox gapped up, made dojis or other stars. That the market needs to take a breath after such an upside effort would be normal. The extent of today's bullish white candle poses a formidable support to any downside wave, just as last Monday's long red candle proved a strong resistance to the upside wave. My extrapolation for the week was that the market would end up with an inverted hammer weekly candlestick. It's beginning to resemble a rising three methods, Don. I have no question of your reading of the waves, Donald - what will be important to us now is estimating extent. If the UpSide extent is now greater than the DownSide, we need to adjust our trading bias. I still feel comfortable about shorting LatAm at the top of its DownTrend channel, FWIW; especially if the JY98Z Yen/USD decays. -Steve