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Strategies & Market Trends : Tech Stock Options
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To: Trey McAtee who wrote (55704)10/17/1998 1:56:00 AM
From: Lee Lichterman III  Read Replies (1) of 58727
 
>> ... to do a write up for IFC on the thread<<<

If I read your intent correctly, you are supposed to write specifically on the TSO thread? I would vote for concentrating on how this thread differs from the Rah Rah threads and the "only looking in one direction" threads. You could show how all topics are open for discussion, both bears and bulls are allowed and how the inputs are of more substance than on most other threads. Opinions here are based on TA and various other indicators (MO MO and other neural network type indicators).

The only bad thing about writing about this thread is we may you may pull in all the people that we come here to get away from <g>.

I know I posted this to you on the Attack thread but since I haven't posted here in a while. Anyone else notice the hammer top and Abandoned baby formations that were formed today on many stocks? Those babies could turn into evening stars if there is profit taking on Monday. Wonder if this could be a bear with horns just glued on. <g>

Also the OEX is still within the original channel of the first stair step. Redraw your trendlines from that first wedge and we are right back in the middle of that channel. While I do see the possibility of a short term run, I still think this is not the last we will see of those lower averages. I give this bull until mid November tops, probably sooner, then it might not be a very Merry Christmas. My present theory is we are in a replay of July and August earnings. Rally a bit, wait for DELL to report along with all the other late bloomers then resume paying attention to the world and FA. Once the earnings aren't there to distract us from the reality of the situation, we go back down. Except this time, the Fed has played their trump cards already.

Good Luck,

Lee
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