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Strategies & Market Trends : Tech Stock Options

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To: HiSpeed who wrote (55719)	10/18/1998 7:46:00 AM
From: donald sew	of 58727

HiSpeed, The most important resistance area is the AUG STAIRSTEP, and in that STAIRSTEP the highest peak is 8753. So it makes sense that ACAMPORA would use the level of 8700-8800 as a possible target. Frankly, this rally does not have enough steam to hit 8700-8800 immediately. It needs to pull back some first, before it can make an attempt to get that high. Frankly, I feel that this rally could just be a reflex rally, and there is a possibility that we could retest the lows at 7400-7500 again. The market has improve for the short-term, but did not improve dramatically. Need to watch the market internals to continue to improve it the market is to move up some more. Seeya

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