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Strategies & Market Trends : Tech Stock Options
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To: bobby beara who wrote (49705)8/12/1998 8:39:00 AM
From: donald sew  Read Replies (1) of 58727
 
Hi Bobby,

>>>>>>>>> I know you don't follow E-wave, but I will tell you that today was a third wave sell-off (of wave 5 from the 7/20 peak)
Third waves are known as recognition waves. The wave into last summer/fall was a third wave. This is where people with a bearish slant call a market top (like me) and John Q. Public recognizes that the stock market only goes up. <<<<<<<<<<<<

With the futures up, it appears that we could move up first, so I see a possible upswing to the 8685-8750 range(maximum 8850) then a retest of the 8350 range to occur within 2-3 weeks.

What do your e-waves say.

Seeya
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