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

To: Chris who wrote (4421)	12/27/1997 11:23:00 PM
From: Chris	Respond to of 42787

more tgt prices my numbers are: (posted earlier today) =================================== for naz bounce/rally : i expect it to hit 1540-1550... currently at: ~1510. for djia rally (later this week or early next week, perhaps): expect it to hit 7800-7900. currently at high 7600s. =============================== Subject: Tech Stock Options \| Previous \| Next \| Respond \| To: Patrick Slevin (32006 ) From: donald sew Saturday, Dec 27 1997 10:41PM EST Reply # of 32009 Patrick, What you say makes sense. I prefer not to talk fundamentals since I am not that knowledgable in that area, and unfortunately, my technical analysis at this point is only limited to the mid-term (up to 30 days), beyond that the accuracy dimishes alot. As I indicated previously, I have received signals that we can go down further, although I have also received signals saying the opposite; however such signals are only for the mid-term. The immediate signal that I will be looking for is whether the market is able to go above the previous peaks such as: DOW = 7819 SPX = 954 NAZ = 1553 If all 3 are unable to pierce such resistance, such will strengthen the probability that we will be heading lower, and lower very soon after. If such does happen, I will change my trading range to the low of 7300-7400 for the DOW immediately. Basicly, I will be looking for lower lows and lower highs amongst the 30 indexes I follows, as the main key as to whether we will be going lower. As for now, I will stay with my position that we will move up very soon and that thereafter we will be range trading, which is a bearish position. Seeya