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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (52736)	9/15/1998 8:04:00 PM
From: HairBall	of 58727

Donald: Just to go on record. I have the resistance areas for the Flag formations (which I still believe are intact) for Wednesday 9/16 as: DOW - 8195 SPX - 1045 Breakouts (more than a violation) tomorrow above these areas would invalidate the formation and portend a significant move to the upside! If these areas continue to hold, the market should reverse soon and move down to re-test the lower trend line of the flag formations! My technicals have this rally as a bear rally, for now! NOTE: The Dolly Parton formation "busted" out like a silicon job gone bad! Suspect S/MMs shorting into the rise at the close and should pullback to cover and accumulate tomorrow, again! EDIT: My very short term buy signals still engaged and moving toward a short term buy. Dow Transports and Utilities close above their respective long term moving trading channels. Dow Industrials, NYA, NASDAQ Comp, SPX closed in the upper half of their respective moving trading channels. This could become bullish! BWDIK Regards, LG

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