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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (54410)10/1/1998 5:10:00 AM
From: Arik T.G.   of 58727
 
Re: WINDOW DRESSING

>>RUT - close off their lows, one of the few bright spots.

A clear case of end of Q window dressing. Look at intraday charts of the big RUT movers- many of them jumped at the last half an hour of trade.

You mentioned an indication of a buy program on the Dow in the last 15 min. Tick went from +100 to +800(?).
Under normal conditions what is the corresponding up swing that a Tick move like that should produce?

Re: Market Support and Resistance

As I said before, the most important resistance is the OEX 520, and the most important support the lower trendline of the flag(?).
The former was challenged and held, and the latter is challenged now.
On a 6 months bar chart of the OEX the lines are so clear you don't have to draw them.
IMO there are no significant supports under the (OEX 492) rising trendline. What brings you to the Dow 7700 and 7400 numbers?

ATG
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