SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Tech Stock Options

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: epicure who wrote (55116)10/9/1998 4:41:00 PM
From: donald sew  Read Replies (3) of 58727
 
X,

Surprisingly, I already have a CLASS 2 SELL on the DOW, with the SPX and OEX near overbought line.

The CLASS 2 is indicating that the DOW could start topping out/reversing down as early as MONDAY. But with a CLASS 2 there is still a little more upside, so if MON day is up then we could have a CLASS 1 for TUE's intraday highs.

The rest of the market will then be in the upper mid-range, so if the DOW started to head down the others could follow rather than diverging.

So my target to start the next downswing is TUE/WED. The key would be if the DOW creates a SPINNING TOP/DOJI/BLACK DAY on MONDAY. That would be the sign that the DOW is topping off.

Seeya

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext