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


To: donald sew who wrote (33858)1/22/1998 3:18:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
ok Don...are you checking out this site....you are a "tech head"..maybe you can help us with these patterns...

If i look at a 5 minute candle chart on quote com for the SPX...and I dont look at values..just the chart

I see

1.strong down..

2.strong reaction but not all the way back up...

3. weak down (hmmm is this a supportive lunch move)

4.weak up to almost the same point (weak counter move)

5.a down almost equivalent to #2...(to nemers support level more or less)

(edit) and now we are dropping a bit

now what does that pattern mean..well I dont know...but that is a rough eyeball of that chart..

barton biggs still saying worst is over in asia