Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: marc chatman who wrote (58030)	11/24/1998 2:10:00 PM
From: marc chatman	Respond to of 58727

cnbs just reported that the short interest ratio on the s&p is the lowest since 1992: 4.25.

To: marc chatman who wrote (58030)	11/24/1998 2:16:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Marc, >>>>>>> do you think that was it for the dip? DJIA was down about 80+ from its highs. Probably a similar dip for the Nasdaq. Seems to be some rotation to the transports, energy, etc.<<<<<<<< Earlier I noticed some weakness in the BKX, but that did not follow-thru. I still have a CLASS SELL on them with the buy-in time as tomorrow's highs. There is still a chance that we could see this dip get into the 100-200 DOW point range, but if the DOW closes in positive territory, that may be all for this dip. As I mentioned before, when I got this sort of sell signal during the strong runup in the spring, there was one time that the pullback was good for only 75 intraday DOW points. I believe the key to whether this dip is over is whether the DOW closes positive or not. Seeya