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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 (39375)4/13/1998 8:50:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 58727
 
NationsBank is merging with BankAmerica.

Tkaes that one out of the Wells Fried Chicken (WFC) scenario.

What the heck is going on with the bond? It's erupting tonight, could it be on Viagra?



To: ViperChick Secret Agent 006.9 who wrote (39375)4/13/1998 9:02:00 PM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Lisa,

If you noticed on the OEX candlestick chart, it is also becoming predicatable. For example there was a HANGING MAN a few weeks ago, which is a strong reversal signal and it did not work, the market continued up. But over the last 2 weeks the reversal signals per the candlesticks started working.

Today's hanging man is not a convincing reversal signal yet since there was a very slight upper shadow and there was not that much of an incline. As per the notation and per my earlier index update, this specific hanging mamn is more of indication of weakness not a reversal, not to say it could not reverse tomorrow.

Everyday, there are just more and more technical signs that market is weakening. Im still holding to tomorrow and Wed being the interim top.

By the way, WFC is a CLASS 1 SELL obtain at the high tomorrow. Per candlestick talk, it is an awesome EVENING STAR.

Seeya