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Strategies & Market Trends : Tech Stock Options
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To: epicure who wrote (50372)8/20/1998 9:23:00 PM
From: donald sew  Read Replies (1) of 58727
 
X,

>>>>>>> My Worden update expressed surprise that the rally had not continued. I see an evening star on the DJ-30 and the Russel has a symmetrical triangle that should break to the downside. <<<<<<<<<<<<<

Since my CLASS SELL worked yesterday, I will make another fearless prediction that I guarantee will work. Tomorrow will up or down or flat.

On a serious note, all of my indicators are pointing down. My short-term indicator is now reading around 70 which is slight under the overbought line at 80 (for reference a CLASS 1 SELL is 95-100, and 100 is as high as it goes). Anything between 20 and 80 I consider the mid-range, so my technicals are now in the upper mid-range. Basicly whenever the technicals get anywhere in the mid-range, anything can happen, and that is when the market is the most susceptible to news and is the most unpredictable.

So for tomorrow, the trend is down for the moment, but i would not be surprised if we closed flat or even up. I abstain from making a strong prediction for tomorrow.

Seeya
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