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Strategies & Market Trends : Tech Stock Options
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To: BILL G. WRIGHT who wrote (55133)10/9/1998 9:20:00 PM
From: Compadre  Read Replies (1) of 58727
 
Bill G. Wright: I don't doubt that Monday or
Tuesday the shorts will move in again. As a matter of fact, I am expecting that to happen. But that does not change my view of the overall trend for the next two or three weeks. If you look at the chart for the Dow, on September 1, the market set a bottom. The next three days it went down to retest that bottom. Then it rallied until September 29. That was about three weeks in length. In fact the bottom set that day is still holding today.

Regards,

Jaime
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