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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (36499)	3/10/1998 3:44:00 PM
From: donald sew	Read Replies (1) of 58727

INDEX UPDATE --------------- The DOW is up 75 right now, and most of the DOW indexes are CLASS 1 SELLS. So tomorrow it should be down intraday about 25 points, but only on a intraday basis (only kidding-dont take me serious). If the NAZ closes here up 19, then the short-term technicals will only be coming out of the oversold range (CLASS BUYS for today) and will only be in the mid range. Such means that technically it can still move up based on my short-term analysis. So the DOW indexes are again overbought even more and the NAZ are only in the mid-range. The NEW HIGH/NEW LOW ratio for the NYSE is high, and the volume is relatively low. What does that mean, I have no idea. Seeya

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