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To: The Perfect Hedge who wrote (8569)1/16/1998 9:14:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 95453
 
GD,
Here's a chart site that has lots of bells and whistles.Maybe Thean or Donald can teach us how to drive it!Did you read my previous post?Looks like the Guru is adding more weight to P engr...I'm hoping the trend hangs a little while longer.At least up through T-W-Th(?).Donald has alluded to the following: outside factors(such as earnings or an overall market rally, or even Japan's bust loose action, can all temporarily overcome technicals.Hey, look at AOL! Talk about overbought.It's glued to the upper BB.
Dave

PS. My call would be a rally on Tuesday turning into a bloodbath by afternoon and selling on thru next week and into the following week.This is based on the previous three major sell off patterns.Like I say, I hope we don't.



To: The Perfect Hedge who wrote (8569)1/16/1998 9:36:00 PM
From: donald sew  Respond to of 95453
 
Glen,

I do not think I will play OSX PUTS, since the whole index is so oversold. The upside is much greater than the downside. I also noticed that it had more strength than the XOI since it closed at the high for the day even though the DOW dropped over 50 points, and in fact was one of the strongest indexes on a technical basis.

Therefore do not feel that the ugly 89 will be revisited, unless the overall market really tanks.

There will be a pullback in the OSX, but do not feel at this time that the pullback will be that great, unless the technical changes.

Seeya