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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (47449)7/8/1998 7:04:00 PM
From: donald sew  Read Replies (1) of 58727
 
Patrick,

Well I was wrong about today being flat.

However, the market internals were far from being significantly strong.

With today being up so strong and closing at the highs, my short-term technicals are again at maximum levels. The last time they were this high, recently was on Monday and the market dipped on TUE, only to take off again today. Unless the market internals improve dramatically this type of action will end. On the other hand if the market internals do improve dramatically, say new highs at 200-300 range per day consistently then we could have a strong uptrend as we did in JAN-MAR, but that is unlikely.

Seeya
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