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

To: joe smith who wrote (52644)	9/15/1998 11:41:00 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 58727

Is anybody straddling with options these days??

To: joe smith who wrote (52644)	9/15/1998 11:53:00 AM
From: Trey McAtee	Respond to of 58727

joe-- so do mine, especially the ones that say ex 09/19/98<G>. good luck to all, trey

To: joe smith who wrote (52644)	9/15/1998 11:56:00 AM
From: donald sew	Read Replies (3) \| Respond to of 58727

INDEX UPDATE ---------------------- On a 30-min or 60-min chart on the DOW, it strongly appears that we are forming a HEAD and SHOULDERS chart. If I am correct we are at the top of the right shoulder starting to head down. It would have been a better HEAD and SHOULDERs if the right shoulder was a bit lower than the head. As long as the DOW remains below yesterdays highs, then the HEAD & SHOULDERs formation is intact. If this is a HEAD and SHOULDERS, then the neckline is around 7500, and some use the rule of thumb that the decline below the neckline could be equal to the HEAD which would be around 500-550 points; therefore such would imply 7000 range on the DOW. As I have said before, the key is a break of 7500, unfortunately the HEAD and SHOULDERs chart, if holds true, implies the break of 7500 to the downside. Seeya