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


To: j g cordes who wrote (34962)2/12/1998 11:22:00 AM
From: Nemer  Read Replies (1) | Respond to of 58727
 
Jim:

In the off chance that anyone is interested ---
Came by to check on the market for a bit and here are my SPX figs for the remainder of the day-----

1006....1009....1012......1016.....1018....1020......1021.....1028

currently near the low of the day at 1009.4

Regards----Nemer



To: j g cordes who wrote (34962)2/12/1998 12:10:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Jim,

>>> if we close up 25, is that negative or positive to you? <<<

So far the DOW has dropped as much as 75 points.

1) if DOW closes down only 25 points, it is a BLACK HAMMER
2) if DOW closed up 25 points, it is a WHITE HAMMER
3) if DOW closes flat, it is a DRAGONFLY DOJI

I am using the CANDLESTICS for illustration, but the way I read the technicals, they will all give the same signals.

All of the above 3 are reversal signals, of course the BLACK HAMMER is a better reversal signal to the downside than a WHITE HAMMER, but the WHITE HAMMER is still a reversal signal.

Hope I explained it clearly.

Seeya, I will be CHICKEN-TRADING soon.