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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (17815)	9/27/1998 8:17:00 PM
From: browser	Read Replies (2) \| Respond to of 70308

bought djx dec 80 calls! wrong move? to be in the money how much of a move? thx

To: Clint E. who wrote (17815)	9/27/1998 9:13:00 PM
From: space cadet	Read Replies (1) \| Respond to of 70308

Hi Clint, I've got the Favors buy also, like a lot of other SI folks. If the market doesn't at least retest 7400 sometime in October then I'm giving up on Favors but until then I'm still listening. I'm subscribing also to his newsletter which fortunately is paid for month to month. If he blows October then I'll probably cancel. I've waited this far without doing much so I guess I can wait a few more weeks. I knew that I should have gotten back in after that 500 point down day but I somehow didn't (I was moving and everything was hectic). Stock like msft et al actually haven't made any new highs in several months which is unusual for them. Thus after 7400 is tested I am expecting an explosion of buying. If it doesn't happen then I'll have to wait for some kind of pullback I guess, maybe in December or January. At the latest in March or April, as I noticed that the market always has some kind of correction every 6 months, seemingly without fail. There are still several cheap small caps like cymi, adpt, cien, etc which I also might fall back on as a second best option if the msft dells and cscos don't pull back and continue running away from me. Probably wouldn't make as much with the cheapo stocks but I don't think they have a lot of downside from here. What are you playing these days? Incidentally I agree that the Nasdaq should be stronger than the dow and s&p for a while.