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Strategies & Market Trends : Tech Stock Options
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To: Trey McAtee who wrote (54144)9/28/1998 4:55:00 PM
From: donald sew  Read Replies (1) of 58727
 
Trey,

>>>>>> i think i remember you saying something about a rising wedge in a DT on the dow.i have been looking over the charts, and i think you are right...i also noticed that these tend to bring a 15-20%
downward movement. <<<<<<<<<<

I really have not done an analysis on the drop after a RISING WEDGE, but believe that, normally, it should at least bring the price back to the beginning of the lower trendline which in this case should be 7500. I have seen it much worse also.

Seeya
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