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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: space cadet who wrote (46)8/17/1996 12:17:00 AM
From: DDS-OMS   of 6467
 
Mark: Part 3 (and last) Your last paragraph re correction--I and a host of others have the same worry--another cliche "bull markets climb a wall of worry". If you have a technical analysis bent look at the graph at remedies.com This graph shows a scarey head and shoulders formation--left shoulder early May about 1200, head from mid May to mid June at 1250ish and right shoulder at end of June exactly @ 1200 again, then 1st leg down to mid july, then retraced almost to neckline (bottom of R and L shoulder at 1155-1160) on relatively low vol as of now. If NASDAQ COMPQ crosses 1160 or so it could be headed on up--if it cant and turns back down after flag formation of past 2 weeks, could be heading way below 1000. IMHO if NASDAQ turns down next week you wont have to wait till oct or Nov, but probably the most likely scenario is up next week. Nevertheless, I'm buying puts and shorting now to try to protect long position.

Pardon this windy post;
Good Luck,
Gary
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