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Strategies & Market Trends : Tech Stock Options
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To: MonsieurGonzo who wrote (50632)8/25/1998 7:47:00 AM
From: donald sew  Read Replies (1) of 58727
 
Steve,

I have looked at many indicators and market internals and have done some serious analysis. The higher probability is for the downtrend to continue and break 8300 and then the break of 8000 into the 7000 range. Right now my technicals are indicating that when 8300 is broken the following dip will take the DOW 300-500 points lower. Not the dip that produced the break of 8300 but the following one.

Thats from the probability side. Personally, my gut says the 8000-8200 range will hold but that is not substantiated by alot of technical support. Unfortunately, my technicals have been more successful than my GUT. There has been numerous times that my gut says one thing but my technicals tell me the exact opposite.

So, Steve - you thought it would be an easy answer from me - do you go with my GUT or my TECHNICALS. ggggggggggggggggggg

Seeya
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