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To: ViperChick Secret Agent 006.9 who wrote (5259)	1/28/1998 9:58:00 AM
From: Chris	Respond to of 42787

200 ma was drawn b/c it was make or break... yesterday ibm was BELOW it, today, right now, it's above it.. so that's a good sign.. red and green fib lines were drawn b/c 1) for drawing purposes... im using known levels and using my initial drawing points at EQUAL points... thus the equal point has 2 fib lines there. 2) areas where there are 2 lines for that level just signifies stronger levels than normal..

To: ViperChick Secret Agent 006.9 who wrote (5259)	1/28/1998 10:00:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

the red line in the ibm chart is the 200 dma..

To: ViperChick Secret Agent 006.9 who wrote (5259)	1/28/1998 10:07:00 AM
From: Chris	Respond to of 42787

DELL not acting that well.

To: ViperChick Secret Agent 006.9 who wrote (5259)	1/28/1998 10:13:00 AM
From: Chris	Respond to of 42787

INDEX UPDATE from donald sew --------------------------- As I indicated last week, I was seeing signs that the longer-term trend could be trending upwards rather than range trading trend and the we would not set lower lows. It is obvious that after yesterday's performances, there were plenty of technicals signals confirming my previous position. The SPX is only about 13 points away from hitting its all time high Have confirmed that the overall short-term technicals are only in the upper mid-range and slightly below overbought. Keep in mind, that per my technicals, even in the overbought region the DOW can still move up 200 points, and has in the past - not saying it will this time. Technically there appears to be 1-3 more up days, starting with today and could last till Friday, before the overall market gets back to the overbought region with quite a few indexes in the CLASS 1 SELL status. The upside for this specific short-term cycle (1-3 days) is 7950 for the DOW, 1050 for the NDX, 1610 for the NAZ, 985 for the SPX. I am not saying that it will get that high, just that if it does, it would be a clear indication that the top of this specific short-term cycle has been reached. As I stated in the past, as a rule of thumb I do not short in an up-market, but will go both ways in a range-trading market. I am not 100% convinced that we are out of the range-trading trend and in an uptrend as we had last year, although there are more and more signs hinting such. As of right now I am still holding my trading range at 7550-8100, which was raised about 2 weeks ago from 7350-7850/7900. As for the immediate short-term, I am looking to get into the following today on the long side, since the technicals are still very low, even in light of yesterdays run: DDX OSX SCH - in substitute for the XBD, since premiums are enormous WFC - in substitute for the BKX, since the BKX ran substantially yesterday. YTK - simply since it is a strong index. Right now I am leaning more towards the OSX, SCH, and WFC. Just my luck either none of them run or only the DDX and YTK runs. I am holding off of the XAL for the time being since Crude was up slightly this morning, and may continue up a bit more for at least the short-term. Please keep in mind that I am talking of a time frame of only 1 to 3/4 days, looking for a 5% pop. I will most likely get out of my DJX PUTS, never got my strangle initiated. Happy trading \| Previous \| Next \| Respond \| View SubjectMarksBookmark this Subject Return to Puts, Calls, and other Options One or more words separated by spaces: Subject Titles Only Full-Text Messages with Links <Picture> Send questions and feedback to webmistress@techstocks.com Terms of Use