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


To: Gersh Avery who wrote (54475)10/1/1998 8:38:00 AM
From: donald sew  Read Replies (4) | Respond to of 58727
 
INDEX UPDATE
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Recently when the market was running up, some BULLS were getting a bit too exuberant. Now the the market is coming down I am now seeing some bearish exuberance. I realise that is natural.

I just want to point out to the BEARS, dont wish too hard since you may get what you want. In the short term it may be very profitable but in the longer term it could be awful. Just want to give a sense of balance.

My mathematical projection, as I have mentioned before are for 6600. This does not mean that I have technical confirmation that it will get that low - just a downside projection. When it will occur, if it does, I dont know yet. If the market does break 7000 in the future lets hope that it does not get much lower since that will have/confirm that our economy is worse than most expected.

Seeya