Tom Demark Indicators Message Board

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Strategies & Market Trends : Tom Demark Indicators

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To: Joel Brussell who wrote (64)	4/6/1997 9:27:00 PM
From: PETER COSTES	of 110

Hello Joel: Last week I have heard that many people have bought calls on Cisco in the 48$ range. Now Cisco must break its declinning trendline at 51..5 $ and if it does hello 60$! Altera is having a difficult time breaking 50$. I would sell short Altera when it hits 49.5 and buy in the 42.5$ range. However always watch out for a breakout over 50$. This week I am studying TD Lines and TD Points to help me construct trendlines. It may take me a full week to grasp this indicator. Also I have read that during a freefall in the price of a stock the nine countdown should be followed by intersection to apply the brakes before buying. It appears the Nasdaq should go up a little more on Monday but watch out for Motorolas' earnings release wich should be okay.

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