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Strategies & Market Trends : Tech Stock Options
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To: WBendus who wrote (47550)7/9/1998 9:22:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
I don't know Wayde.

I have a mental posture which you know. Today's break, a rally, if the rally fails sell it.

I am only being brief because I am preparing a ton of side work on a system and cannot get it done if I stay on SI much. I still think my pattern call is correct if the ensuing rally from today's 10 point break in the spoos (yesterday's close to today's low) fails.

That is to say, today's minor failure may be the interim pattern drop I thought would happen today. A rally to new highs would set that back, but a failure to new highs suggest a drop far further.

But I cannot return for a while to get into it; I just have a lot of stuff to catch up on. I wish you good trading.
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