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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: donald sew who wrote (24402)6/16/2000 8:12:00 PM
From: Haim R. Branisteanu  Respond to of 42787
 
Donald I think we may get a selloff due to option assignment in the NAZ. Many call option on tech stocks ended in the money and most those assigned the stock will sell.

I am not sure what the implications on NAZ will be but usually the stock action is contrary to Friday close - e.g. if NAZ is up Friday then Monday NAZ is down and vice versa.

BWDIK
Haim



To: donald sew who wrote (24402)6/16/2000 8:51:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 42787
 
Some FIB lines and dates for the NAZ ...... FWIW

The Dates

1. Oct 18, 1999 NAZ 2300 - Low
2. March 24, 200 NAZ 4816 - High
3. May 01, 2000 NAZ 3871 - High
4. May 24 2000 NAZ 2847 - Low

FIB fans lines intersect at present NAZ levels form, 1. to 2. and from 2. to 4.

FIB times - today was a FIB date form the recent high of 3. (May 1, 2000 - NAZ 3871)

It may be to technical but I think we may hit some resistance to reverse.

BWDIK
Haim