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To: ratan lal who wrote (40416)4/20/1998 2:21:00 PM
From: donald sew  Respond to of 58727
 
Ratan,

Right now the DOW is dragging the NAZ down just slightly, for the time being. Im not real comfortable with the call but for the time being it appears that today's high for the NAZ may be the interim high and it may crack soon. Its a guess, but the indication so far is in that direction. Yeh, I know it can change at any moment.

Seeya



To: ratan lal who wrote (40416)4/21/1998 9:45:00 AM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Ratan,

Well you were correct yesterday about the Dow moving up.

We have the same situation today again where the DOW is down and the NAZ is up.

1) will the NAZ pull up the DOW as it did yesterday
2) will the DOW pull down the NAZ
3) will the DOW and NAZ converge

If the DOW closes up today, that is a bad technical sign for up PUT players, but if the DOW stays negative and the NAZ loses some strength then it would appears that some sort of dip should occur. I have April 23 as being the weakest day of this week.

Seeya