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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (41233)	4/25/1998 7:47:00 AM
From: donald sew	Read Replies (1) of 58727

Lisa, From my analysis of the end of month rally I noticed the following: 1) starts on the last 2 days of the month, plus or minus a day 2) extend into the next month 3-5 days 3) total period of rally 4-6 days (of course it some cases it was longer 4) average amount incline in this period was 250 DOW points from the intraday lows to the intraday highs, and in some cases much highher. I did it for the last 2 years+ and only once did it not work whhich was last MAR. Following this pattern, which is falling also in line with what Jerry Favors is saying, the end of this pullback should be on TUE/WED, with the buy-in day for long position as early as Tue's intraday lows (probably afternoon). Such timing is working right in line with my cycle analysis which originally stated that this pullback would last 3-4 days; we are now in the 2nd/3rd day of the pullback. Lisa I will be watching my short-term technicals carefully and when they become oversold which should be around Mon/Tue on any of the major index I will be going long with either the OEX or DJX. Of course this is assuming that the market will continue down. Seeya

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