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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (53457)9/21/1998 3:33:00 PM
From: HairBall   of 58727
 
donald: I have the BEAR FLAG remaining intact even if it hits 8300 by the end of this week. I have the channel for the BEAR FLAG in a slight incline permitting slightly higher movement up.

Yes, that is the nature of a bear flag to trend upward. I think I posted over the weekend, that I projected the upper trend line out one day from Friday's close to 8250...close enough!

The flag formation is getting long in the tooth...it needs to resolve soon to remain valid.

Regards,
LG
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