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Strategies & Market Trends : Tech Stock Options
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To: Paxb2u who wrote (56469)10/27/1998 12:34:00 PM
From: donald sew  Read Replies (2) of 58727
 
Peter,

From a purely technical perspective, not incorporating the news from Brazil - if the DOW significantly drops(50 dow pts) below yesterdays lows at 8408(8358), then the DOW could head down more. If 8358 holds, then this is still a short buying situation.

Before the news came out, I was saying that the DOW would move up towards the 8600-8650 range the do a mini-dip, with the NAZ also dipping. Could it be possible, that what I thought would happen at the end of this week, just took place??

For the DOW - it was 120 points off todays highs, and the NAZ about 20 points off its highs.

Seeya
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