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Strategies & Market Trends : Tech Stock Options
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To: Kevin who wrote (33309)1/15/1998 2:06:00 PM
From: donald sew  Read Replies (1) of 58727
 
Kevin,

>>>> You're probably one of the biggest technicians <<<<

Ok, now who the heck told you I was fat. >>>ggggggggg<<<

>>>> Doesnt it mean something when we trade in yesterday's range all day today ... like a breakout tomorrow?<<<<

You are absolutely correct. I would like to add the point that it also depends where the overall technicals are, and right now they are in the upper mid-range. If the small-range trading happens when the technicals are in the overbought region, then its a clue that it is topping off and a pull-back forthcoming. But since we are still in the mid-range and the bias is slightly to the upside, then that is a sign that we could move up nicely in the near future, and as soon as later this afternoon.

The only negative I see right now to hold that back is the divergence of the DOW from the NAZ. But if the NAZ holds, we could get a guitar string effect(like a rubber band) as soon as this afternoon in the DOW.

Seeya
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