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Technology Stocks : Stock Swap

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To: steve susko who wrote (6963)7/8/1997 12:47:00 PM
From: Patrick Slevin   of 17305
 
Yesterday's pattern was not the same...tomorrow's will be more of a

"3 point" pattern. Like, down, then up, then down. Yesterday was up briefly, then down, then up briefly.

Today's should be up all day into the close.

Don't ask me why...it's something I learned from Camp. Interpretion of it is where he and I differed---at least today.

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Anyway, I'm long from early but may sell 1/2 just in case there may be a pullback shortly. (Who knows, he still could be right about the last hour...The spoos are at resistance now. But if they move thru to the 930 area---a big move---it's goodbye charlie.)

Anyway...I'm going to presume the DOW will close positive but not higher than 50 to 90 points. Right or wrong, it's too early to short this.

I believe the critical intraday point for the market is at SP7U 923. A break below that will probably be the time to bail and go hit the links.
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