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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (33906)1/23/1998 10:14:00 AM
From: donald sew  Read Replies (1) of 58727
 
Lisa,

I had mentioned in a previous post that a key to finding intraday direction is to look for double tops to indicate down movement, and double bottoms to look for up movement.

For the morning so far we had a double top. The DOW ran up 47 then down to about 35 then back to 45 then down to 25 then up to 35, and now as I write the DOW is now only up 20.

Watch for the double tops and double bottoms intraday. Now tie that into certain times of the day. If we were to have a double top formation 2:00-3:00 PM, the likihood is that it will drop from there to the close.

Hope this was of some help.

Seeya Voodoo Queen
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