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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (34525)	2/1/1998 5:30:00 PM
From: Greg R	Read Replies (2) of 58727

Lisa - In this particular case, the line it is following is a "trend" line and not a rule. It does NOT have to follow it and if it happens to find itself 50 below the line, it does NOT have to turn around and go above it by an equivalent amount. Its just that when a stock or index hits this particular trend line virtually 100% of the time it will follow the line downwards for a few days. When it is all over and you look at the chart you will say. "Yup, it certainly followed that trend." Speaking of charts. For one week, Inpathique's projection page is showing a simplified close up view of the DOW (courtesy of you know who). Have a look at it and perhaps it will help you to see what I am seeing. home.istar.ca That trend line I am referring to is the dashed red line that ends up at the March 25 point. The DOW at this point is also influenced by the purple line which is sloping up to the right. We call it a trans-set line. The two will play a tug of war on the DOW for a couple of days. The trans-set line will ultimately win I am expecting Greg

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