Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nemer who wrote (36876)	3/17/1998 2:53:00 PM
From: donald sew	Read Replies (3) \| Respond to of 58727

Hi Nemer(young man - had to say that for insulting you before) For now I feel a major key to the pullback will be the NDX. Big stocks normally lead the market. So far the NDX cannot break thru 1180 substantially to the upside, so the RIGHT SHOULDER of the HEAD & SHOULDER chart is still intact. If the NDX cannot break to the upside this week it will complete the RIGHT SHOULDER and it should go further down next week. Now, the question is if the NDX goes down will it be able to pull the DOW down next week. Some of the individual stocks in the XAL, DRG, FPP have had some downgrades due to valuation. Normally the smaller stocks cannot hold a rally up too long. Another key will be whether we will immediately rebound today or will tomorrow go lower. If tomorrow goes lower then that will be another key sign that we are topping out. Then, the price rise between peaks are getting smaller and the time perios getting shorter. Hey does that mean we may be getting back to some normality soon. Seeya, PS, you are just jealous that LISA is still in the lead. gggggggggggg