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Strategies & Market Trends : Tech Stock Options
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To: jjs_ynot who wrote (41381)4/27/1998 7:54:00 AM
From: donald sew  Read Replies (2) of 58727
 
Dave,

I strongly believe that there will be one more bounce and that it will start with the month end rally, which statistically indicates that it should start by the last 2 days of the month, which should be WED/THUR.

After the bounce feel that the bigger drop will occur mid-MAY and as early as the 2nd week of MAY.

I am not saying that the bigger pullback will be similar in strength as that in OCT, nor am saying it wont, but I have noticed with the
NEW HIGH/NEW LOW indicator that we may now be entering a similar patttern of that during OCT, but needs further confirmation. Before the big drop in OCT at the end of the month, there was a dip and a rebound first, then the whammy.

Seeya
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