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Technology Stocks : Data Dimensions
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To: TA Trader who wrote (2813)8/21/1997 2:07:00 PM
From: TA Trader   of 4571
 
It's amazing how everytime I post my opioion on the near term action of either the market or DDIM that I get tremendous flak from those who are losing the most! I know after each post what is coming and from whom i.e. STIFF and "little boy" Jumper who keeps coming back for more with less! Soon I will take the time to post my reasoning on TA and why it works.
For now though, I have written Sept. 30's at 5 1/4 and 35's at 2 1/2. It's intresting that the measured move was to 34 with the high being 34 1/8. The market too is pulling back but it is still hard to read. I would hope that we will only see a couple of days of "worried" pullback and then a push to or around new highs in the DOW. This would normally happen by early to mid Sept. keeping in mind the seasonal bullishness around Labor Day. After that we may be in for some more serious corrective action.
DDIM should hang in this area and pull back some for the consolidation I am looking for. This is a strong stock and is not following the market either way so it bears watching over the next few days. Overall though, I beleive firmly that going thru 33 and 34 is very bullish for the beginning of a new leg up which I expect to carry much further than most can believe. We just need a little reloading in here!
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