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Strategies & Market Trends : Tech Stock Options
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To: B.REVERE who wrote (56558)10/28/1998 11:23:00 AM
From: donald sew  Read Replies (3) of 58727
 
BR,

Yeh, when I checked the market internals, its not that strong and I dont think it confirms a 85 point up move in the DOW. The advance/declines are in favor of the decliners, the NEW HIGHs/LOWs are flat, and the RUSSEL 2000 never went positive. To me the NEW HIGHs are actually showing weakness, even though the new lows are so low.

Again, Im not saying that we wont move up from here, since Im planning on going long for a short-term play, if I get the right entry with my technicals.

The KEY to watch is how the market internals improve during the next upswing.

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