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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (51591)9/5/1998 8:14:00 PM
From: ratan lal  Read Replies (1) of 58727
 
Hi Don

I have notice that for the DOW it is forming a PENNANT with last MON/TUE as
the beginning. If the DOW stays be low 7760 on TUE, the pennant will maintain its
integrity. This is a BEARISH PENNANT, indicating further down. So if the DOW
does break 7760 to the upside, it would negate this BEAR PENNANT.

What points on the Dow are you connecting to come up with the PENNANT which shows 7760 as support for the Bearish sentiment.
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