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


To: HiSpeed who wrote (55484)10/14/1998 9:58:00 PM
From: stockycd  Read Replies (1) | Respond to of 58727
 
HiSpeed and All:

I have the funniest feeling the CPI and PPI (due out this week) will be the mechanism to shake the market. What really could be happening now is that the NASDAQ is playing catch up with the DJIA. If you overlay their graphs, they have historically mirrored each other. There has been definite divergence in any case. After some consolidation between these two, we should see some downward movement.
Watch for the SOX to start selling off first. (BKX was negative today) The SOX has entered into overbought territory already and with the INTC-lukewarm-overvalued-outlook, we should start down soon. I bought some NVLS Nov puts today on these assumptions. Good luck to all!!!

Chris