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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: ViperChick Secret Agent 006.9 who wrote (5276)1/28/1998 12:19:00 PM
From: Chris   of 42787
 
From donald sew:

just know that he is looking 1-3 days outllook (correct me if im wrong).. im looking at 1-4 weeks (or more)

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Subject: Tech Stock Options

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To: Electric (34335 )
From: donald sew Wednesday, Jan 28 1998 12:06PM EST
Reply # of 34340

Electric,

Did you see my last index update, where I indicated that my GUITAR was indicating that this rally will end sooner than most think, and I stated that when the DOW was up 45 points. Right now the DOW is only up 9 but the NAZ is still strong, but the DOW will pull it down by either tomorrow or Friday lastest and it could happen as soon as today. At the moment I am leaning towards tomorrow, since the technicals on the NAZ are already quite high. The divergence between the DOW is getting larger and larger and one of them has to break. I feel that the NAZ will break since the technicals are so high.

MSFT and INTC right now are CLASS 1 SELLS to obtain tomorrow. Keep in mind that MSFT is still being influenced by the news of their split, and of course it will pull back before the split, but feel that news will keep MSFT from dropping too much. I also dont feel to comfortable shorting INTC since it smooth and slow inclince from 70 has technically made it very strong. Yes, it will pull back, but just a small amount.

This rally is starting to show weakness.

Seeya
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