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Strategies & Market Trends : Tech Stock Options

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To: Jorj X Mckie who wrote (56269)	10/25/1998 12:14:00 AM
From: donald sew	Read Replies (2) of 58727

INDEX UPDATE ----------------------- A very clear DESCENDING TRIANGLE is forming on the DOW per the 60 min charts. chartpatterns.com The lower trendline(horizontal base) is at approximately 8425, which will also be the APEX. If the DOW on MON breaks 8375, it would be a significant break of the ASCENDING TRIANGLE, and would imply further downside. If the DOW was to break the ASCENDING TRIANGLE with increasing volume that would confirm negativity and further downside. In light of this and other technical negatives, feel that the probability is in favor of the market heading down on Monday/TUE Seeya

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