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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (47377)7/7/1998 10:47:00 PM
From: HighTech  Read Replies (1) of 58727
 
Hi. I've been reading this and Kahuna (my two favorites) for months. I like most of the dialog. Just a few observations. Looking at weekly charts of indexes, most have broken downtrend lines on more than a few heavy volume days. This appears to be a positive for the market. Today's action however was a fairly heavy volume day without much price progress to the upside. This contradicts what has been happening the last couple of weeks. Could this be a short-term top?

Good trading,

HiTech
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