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Strategies & Market Trends : Tech Stock Options
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To: Linda Kaplan who wrote (54806)10/6/1998 3:10:00 PM
From: donald sew  Read Replies (2) of 58727
 
INDEX UPDATE - INTRADAY
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If the DOW closes below POSITIVE 50 it would be at least a SPINNING TOP which is a sign of indecision, and could indicate the TOP of this short-term upswing.

The market internals (A/D, NH/NL, UP/DOWN VOLUME, VOLUME) are showing weakness.

It appears that the RUT may actually set a NEW LOW on a closing basis.
Quite a bit of negativity.

So far my MINI-STAIRSTEP at 7500-7900 is holding. If this range is maintained, it is a BEARISH SIGNAL.

Seeya

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