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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (27885)	11/5/1997 3:04:00 PM
From: Brister	Respond to of 58727

Thanks Tom, I thought you would have gotten your sell signel on the last sell off, but then I remember you don't move quite as fast as Kevin. I'll feel much more confident about the direction of the market when you two are both in.

To: Tom Trader who wrote (27885)	11/5/1997 7:39:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 58727

Tom, techstocks.com Today I saw a reversal at the top of the trend channel for some of the stocks above, Same case for some other stocks I follow. If my hunch is right, we are headed down at least 300-400 points on the DOW in the next 5 days. -Mohan

To: Tom Trader who wrote (27885)	11/6/1997 12:21:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE ------------------------- The short-term technicals are now indicating clearly overbought accross the board; therefore the probability of some type of pull-back is high. My linear trading range is at 7500-7800, not to say that it will get to 7500 but that is the bottom in case of relatively bad news. I had indicated earlier on the IDEAS thread that I have noticed some technical signals that there is a slighter chance that we may just continue up, but the probability of that happening is much less than the possibility of a small dip, or at least a flatness. It is hard to determine the size of any trend, but there are hints that 7575 should hold if a dip occurs. From a technical perspective, the technicals were more impressive yesterday when the market closed up 15 points than on Monday when the DOW was up 232. This market is showing alot of strength technically for a nice up-trend before the end of the year. Such is not to say that we will not dip, but any dip will be relatively small and could happen as soon as tomorrow for the DOW. The dipping process already started for some of the other indexes (XOI,UTY,XMI,XCI). I have also noted that INTC is approaching a CLASS 1 BUY, which should help the SOX, especially if the SOX pulls back a bit also. Good night and happy trading