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Strategies & Market Trends : Tech Stock Options
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To: MonsieurGonzo who wrote (51966)9/9/1998 6:52:00 PM
From: donald sew  Read Replies (2) of 58727
 
Steve,

My short-term technicals are now at 75 facing downwards. It is just slightly below the OVERBOUGHT line at 80. In other words the downside potential is large. Just a quick calcualtion it could be 4-6 days of more downside. That does not mean it cant reverse at anytime, just an indication of downside potential. As for DOW POINTS, somewhere of 600-800 if done in 2-3 days. To further explain the longer the downswing the less negative points to get to CLASS BUY status.

Seeya
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