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


To: donald sew who wrote (52892)9/16/1998 4:04:00 PM
From: Electric  Respond to of 58727
 
Don,

Actually I am on the little guys side this time..

I bought OEXUS at the highs yesterday, so I am not looking so hot.

One comment, if one looks at PREM all day today, the indicator was in a tight trading range, with the 16 as the high and I think 8 as a low, but the average today seemed to be at or above FV, whereas in the past PREM usually floated below FV generally speaking. Same for TICK..

I am no Don Sew, but that to me means that the general sentiment today was up. The lowest point lasted only moments, while it seemed to me there was buyers there to take us back up. That has changed from last week, when there were no buyers to be found.

Just think if Mt.Baldy would have even hinted at an easing, that would have taken the market up 200, maybe more. Looks like after Labor Day the big boys are back, and they want 8500.

I personally want down 200 by Friday, looks unlikely though..