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

To: unregmarket who wrote (5102)	1/23/1998 10:24:00 AM
From: Chris	Respond to of 42787

should be a great game ()INDEX UPDATE) to all: as you can see donald's time frame is a couple days... Subject: Tech Stock Options \| Previous \| Next \| Respond \| To: A Kiri (33900 ) From: donald sew Friday, Jan 23 1998 9:09AM EST Reply # of 33910 INDEX UPDATE ---------------------------------- The bias for the overall market is down today, but the futures are up slightly(not aware of fair value at this time). As I had indicated in previous post, I felt that this forthcoming short-term downtrend will be limited. I still do not see us setting lower lows, but the opposite - higher lows for this immediate down cycle. I have changed my larger trading range from 7350-7850/7900 back to 7550-8100. For those watching the NDX, yesterday was the first day it showed signs of weakness closing down near the bell. In a fairly strong down market, the NDX was actually up for most of the day, with the help of MSFT. The technicals for most of the HiTech are still very high near the overbought range but have already entered the upper mid-range. For those playing PUTs be cautious and nimble. Today should still be a down day but if there is substantial good news then such could over-ride the technicals. As I said over and over, fundamentals/news over-ride technicals. News, both good and bad is flying all over the place right now, so the technicals are going for a spin now. Seeya