SI
SI
discoversearch

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: HiSpeed who wrote (52670)9/15/1998 1:23:00 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 58727
 
Looks like a chance the big boys have been waiting for today to sell into this ralley.

BWDIK
JeffG



To: HiSpeed who wrote (52670)9/15/1998 1:50:00 PM
From: donald sew  Read Replies (3) | Respond to of 58727
 
For those playing PUTs,

As long as we stay below yesterday's highs of 8039, the upcoming pullback is still intact. Just for info sake, if the DOW gets to 8039 and fails it will indicate a DOUBLE TOP formation with is also a strong reversal signal.

Frankly the DOW needs to break the 8039 resistance convincingly, say by 50 points to really call the pullback off/delay it.

Also keep in mind that the main resistance is 8095, but a strong break of 8039 to the upside would negate the HEAD & shoulders.

We also have to keep in mind that this is expiration week and if there are alot of PUTS, then it would benifit the big boys to artificially push the market up.

Seeya