Why the markets will continue higher... Message Board

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Strategies & Market Trends : Why the markets will continue higher...

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To: GROUND ZERO™ who wrote (392)	1/8/1998 12:07:00 AM
From: Chip McVickar	Read Replies (1) of 745

Hello GZ Yes, very impressive comeback. I went out at 3:00pm and came back to that news....bounced nicely away from that lower fork off the April low....similar to the way it did in December. Needless to say I was very surprized. Although I noticed a recovery started earlier and expected a - 50 drop, not a close of - 3. I purchased a call (on Paper) at that Dec bounce and was going to sell if the market broke that tine....I did not sell and will hold it a while longer (on paper). Should we expect this market now to move up that lower tine....maybe through next wed the 14th...? Wonderful..... to see that fork hold up.... What's next...? Chip

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