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


To: j g cordes who wrote (41004)4/23/1998 1:37:00 PM
From: jjs_ynot  Respond to of 58727
 
This is looking like a good old-fashioned rout. We need a healthy bloodletting for several days to rattle the weak hands.



To: j g cordes who wrote (41004)4/23/1998 1:42:00 PM
From: Nemer  Respond to of 58727
 
Jim:

SPX points have changed to show lower movement........
...1114...1118....1120....1122.....1124.....1125....1128

Regards------Nemer



To: j g cordes who wrote (41004)4/23/1998 1:59:00 PM
From: Patrick Slevin  Read Replies (3) | Respond to of 58727
 
My read on the DJIA is, first of all, the action in the SPX/SP8M suggests to me it's holding up too well. Maybe there is flight to quality thingie going on short-term. It should be down at least 60.

Aside from that, I would think supports are around
9080
9000
8800
8500
and 8250

When it hits 8250 remind me to check again.



To: j g cordes who wrote (41004)4/27/1998 4:26:00 PM
From: Arik T.G.  Read Replies (1) | Respond to of 58727
 
You said it, 8860!

Anybody here wants to convert?

B.K. or MC anyone?

Nooooo, "we need a few down days to rattle the weak hands".

And the European markets will be up tomorrow, and the market will correct upwards and the momentum players will think everything is OK.

And the market will fail to reach new highs and will start declining.
And the dipsters will be out of cash.
And the market will break the 200 DMA
And "value" players will buy stocks "cheap", at prices they never dreamed of two years ago as possible.
And the market will try correcting up and will fail bouncing higher then a dead cat.

And a crash.
And some months of recovery.
And the biggest bear you ever saw and ever will.

The history books will say it started when Win 98 crashed on it's public debut, a seemingly insignificant event that marked the peak.

ATG