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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Electric who wrote (16150)10/1/1998 11:07:00 AM
From: The Perfect Hedge  Read Replies (1) of 42787
 
FAVORS WATCHERS---
From last night.....
>>>A decline below 7653 intraday anytime from here on would
be a problem for us. If this occurs and we are not yet short
we would have to go 50% short with a stop of 8254 intraday.
But we would take no more than a 50% position under these
circumstances. Also watch the Transports as any decline below
2592.69 there will be bearish,at least short term.
If there is some sort to any further sharp decline
tomorrow there is some support near 7726 plus or minus 30
points intraday in the Dow.<<<<<

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