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

To: dennis michael patterson who wrote (52468)	9/13/1998 4:44:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 58727

Dennis- I looked at the princeton site but didn't see anything about a crash or a big downer.Can you post the direct link?Is favors saying 8100 tops? B

To: dennis michael patterson who wrote (52468)	9/13/1998 4:52:00 PM
From: donald sew	Respond to of 58727

INDEX UPDATE -------------------- It now appears that most are now expecting a runup this week and in some cases a very strong runup. I just want to express caution that this market can go in either direction. One thing which I can say with alot of confidence is that we have huge volitility. Here are the intraday price swing (highs minus lows) for the last 9 trading days: 556, 496, 185, 200, 264, 382, 177, 345, 296. Such comes to an average of 322.33 point intraday price swings. Lets say hypothetically that Monday is up very strong to the 8100 resistance line, which would be about a 300 point price swing. Just staying with the average price swing, the DOW could be retesting the lows again at 7400 within 2-3 days after hitting 8100. I guess what Im saying is that if one owns options which are profitable, they could lose all of their gains or more in one day. I feel that right now we are at a stair-step at 7750-7800 with the downside of 7400 and an upside of 8050/8100. Have noticed that as we move away from the stair-step the market does not stay at the extremes very long, whether upside or downside. Seeya