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Strategies & Market Trends : Tech Stock Options

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To: Darth Trader who wrote (43138)	5/13/1998 3:04:00 PM
From: donald sew	Read Replies (4) of 58727

INDEX UPDATE - INTRADAY ---------------------------------- The DOW was up as high as UP*65, but the DECLINES still out number the ADVANCES, the the NEW HIGH/NEW LOWS are weak. Interest rates are down substantially, so that should be pushing the market up. With the interest rates down so much, as low as 5.92%, why isnt the DOW up 200 points. This is a weak market and those going long should be careful and nimble. I am still holding to my RANGE-TRADING TREND (NOT DOWNTREND or UPTREND), in the 9300-8750 range. For the short-term interim at least, today was probably the top and we should drop again for the next 2-3 days. By the way my short-term technicals are oscilating abnormally. The oscilations are extreme, too extreme and I am interpreting that as another major warning sign. Seeya

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