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

To: ViperChick Secret Agent 006.9 who wrote (36462)	3/10/1998 11:44:00 AM
From: donald sew	Respond to of 58727

INDEX UPDATE - INTRADAY ------------------------------- The NAZ is now up about 15 points. It is strong, but not as strong as last Friday and as of now is recovering only about half of yesterday's loss, when on Friday it regained 85% of the previous day's loss. It is too early to tell for sure but it appears that it may be forming a triangle which is a precursor to basing. Keep in mind that the lower lows have been established in the NAZ, now we have to see if lower highs are set. If lower highs are established it can be concluded that the NAZ is either going to decline or trade in a range. Another key I will be looking for is where on my short-term technicals does the NAZ turn back down. If you recall, the NAZ and many of its indexes were CLASS BUYS for today and it is working. My short-term technicals will be moving up out of the oversold range per todays performance. If the NAZ turns back down before it reaches overbought range per my short-term technicals, then it will be another confirmation that the NAZ will either decline further or range trade. Here's a interesting fact. Last Wednesday we closed at 8585, and with all the volitility in the last few days we are still in the same range, so the bigger picture is that we are actually still flat. As I am finishing this note the NAZ has dropped from positive 15 to postive 9. Seeya