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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (56712)10/30/1998 9:32:00 AM
From: HairBall  Read Replies (1) of 58727
 
donald: Looks like that Bull Flag held. And, the expected break of the upper descending trend line on Wed/Thur took place yesterday. As the projection was on the Intraday Actual 60 Minute Semi-Log Charts, the projection has to keep in mind the angle of the line crossing several hours or points.

Now the Market needs to continue to move up to confirm the break. Next resistance should be the Intraday Actual 200 day SMA at 8585, price action resistance at 8600, 8800 and 9000.

My technicals are disagreeing with the chart formations somewhat. So, I as you do not expect this move up to be major, before the next pullback. I am still waiting for a software upgrade to do intraday technical analysis with my indicators, to see if they work. That “may” allow me to make much shorter-term calls!

BWDIK
Regards,
LG
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