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


To: David Weis who wrote (37047)3/20/1998 10:10:00 AM
From: donald sew  Read Replies (1) | Respond to of 58727
 
INDEX UPDATE
---------------------

The market opened nicely this morning, but right now the DOW is still up 40 but the NAZ has dropped and now is only up 13 cents.

Technically the topping out process has begun. I dont want to confuse the matter but what I mean is that the market can still go up but the incline will start slowing down. I am still holding with the top of DOW 8888, and SPX 1100 for the short-term only. After a pullback it will continue up, and that the weak period should should start next week. It should take the form of increased volitility in both directions, but when looking at next week on a weekly chart, it may just appear somewhat flat. I believe the chart formmation of this topping out process will take the form of a ROUNDING TOP chart, with the top around the 2nd week of APRIL.

Seeya



To: David Weis who wrote (37047)3/20/1998 11:26:00 AM
From: Nemer  Read Replies (3) | Respond to of 58727
 
daw:

---SPX move called for upwards movement from 1091.25 pivot for the next hour

ceiling at 1094
floor at 1089.75
how high above the ceiling is not knows, if and when it gets there
additional supports are 1087 and 1085

pivot 1091.25
time frame is next hour or less

---->I am ROFL about the CNN fn story you posted to OJ about the test patients who would not give back the pills....

I got my quarterly report from PFE last week and the pres seems pleased with the potential of Viagra and Jer's natural shouting and waving his arms made it that much more amusing---
Yesterday, I was trying to get lunch ready as Marilyn was due home early so we could leave to take the grandkids home by leaving here by noon.
I had the tv on in the kitchen so I could kinda keep up with the market, and I was looking and listening when the announcement came on......
I burst out laughing so hard the kids came running to see what had happened to GrandDaddy.
I told them the lady just told a joke, and they wanted to know what it was-----I distracted them by telling them to go finish packing the Suburban--------gggg

I then HAD to go post to Jer and I was still laughing.....
Grandkids already know I'm crazy so they didn't think anything out of the ordinary......
gggggg

Regards--Nemer