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Technology Stocks : Oracle Corporation (ORCL)
ORCL 217.60+1.5%Dec 5 9:30 AM EST

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To: trust fund pirate who wrote (6504)3/19/1998 9:47:00 PM
From: Sabrejet  Read Replies (1) of 19080
 
Do any of you people do ant TA? Do you folks understand stochastics, momentum, moving averages? This market just hit 8800. I would like to know does anyone know the stat of new high days verses down days over the last month?

The answers to all of these questions will tell you that the market is heading down for a rest the next few days. There is major distribution among some very fine companies occurring right now. DELL, INTC, LU just to name a few. There is still buying in ORCL but it has tapered off. Options expiration in a bull market is quite an exciting event. A great time to make money but the lack of movement in many issues indicates to me a reversal, short term.

good trading!

seczebra
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