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Strategies & Market Trends : Tech Stock Options
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To: ratan lal who wrote (41960)4/30/1998 12:52:00 PM
From: SE  Read Replies (1) of 58727
 
Ratan,

Another way to look at this is that we did break the trendline to the downside. This rally is bringing us back up to the trendline. This is normal. Now it if cannot break through, decisively, this market is going lower. Very simplistic viewpoint, but one that has merit.

And .... anyone can grab a chart and see it without knowing their alphabet!

Interestingly enough...Edwards and Magee state that if you are going to, now is the time to short. Guess I am the one bear left! :)

-Scott
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