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


To: Nemer who wrote (27925)11/6/1997 11:41:00 AM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Anolan,

Right now the DOW is down 45 and the NAS down 10. The overall market is showing good strength for now. We never know for sure intraday, but if it closes here it should be interpreted as a good sign not a bad sign.

As you are aware, I am now using my SHORT-TERM TECHNICALS, trying to determine market direction over a very short period of time. It told
me that it was overbought for the very short-term basis, thats why I felt that the probability that today would be a slightly down day or at least flat.

If the market closes here( down 50-75 points), and the the economic numbers are fair/exceptable tomorrow I am projecting per some
calculations that tomorrow will be an medium up day. If today closes flat then the probability will be either down or flat again. If it closes down around 100 points, we will see another down day tomorrow, and possibly a strong down day.