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Strategies & Market Trends : Tech Stock Options

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To: Nancy who wrote (50802)	8/26/1998 5:02:00 PM
From: donald sew	Read Replies (3) of 58727

Nancy, >>>>>> <<Simply put if we close at the lows today, tomorrows open will be down but a rebound to the upside is likely.>> agree on this scenario. <<If we close off our lows, tomorow could be quite ugly.>> please explain why so. <<<<<<<<<< It has to do with my guitar calculations, so it would be hard to explain. Just a mathematical calculation. Without getting into my formulas, let me put it this way. My short-term technicals turned to the downside only today, and is still in the upper mid-range which indicates more downside than upside. keep in mind that we closed positive yesterday eventhough we we substantially off the highs. My short-term technicals are pointing to the recent lows, and my technicals are showing extreme volitility. Hope I made some sense. When the market rebounded intraday to -35 range, subjectively I felt that maybe it would continue up and go positive, but my technicals said not to be fooled and we are heading down and probably heading down big within days with the liklihood of tomorrow. Seeya

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