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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 (41225)4/24/1998 4:03:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Lisa,

>>> Lindsay A/D indicator - sell signal on this one on April 21 and doesnt give a signal very often but when it does it is reliable... low late April and rally in mid-may above the highs he thinks some sort of bounce from here though as we are oversold at the moment what was that about next week if we go below "something" by even one tick ..down
we go...<<<

I think what he meant that for the very short-term we are oversold and that we could pop up on Monday. Im interpreting what he said by the one tick to mean if there is any negativity on Monday we will continue down.

He is also calling for the end of the month rally. Per my short-term technicals Tue/Wed should be the end of this pullback since my down cycle was calling for 3-4 down days, starting with yesterday. If one day is up then it would extend the overall pulback by a day.

Seeya



To: ViperChick Secret Agent 006.9 who wrote (41225)4/24/1998 4:15:00 PM
From: Darth Trader  Respond to of 58727
 
Re: Jerry Favors, I like this guy's analysis - as far as wave guys go! This site posts his thoughts once a week. marketweb.com



To: ViperChick Secret Agent 006.9 who wrote (41225)4/24/1998 7:28:00 PM
From: Barbara Barry  Respond to of 58727
 
Lisa,
SORRY! I missed the whole darn thing!My monthly trip to the hairdresser!!!:) I took my pager and cell phone and thought I had the bases covered by letting that last 20 minutes of the market close without me.Since you and Bill won't let me buy puts I thought I could relax and play a little hookie.
But I know he was expecting a pullback before the next rally.I am suprised he thought it oversold so quickly.SHEESH!I guess little pullbacks last 2 days and the big ones 4 days!When I buy options I prefer to hold more than a couple hours.;(
I will be sifting through alot tonight,again.IMHO I don't think this bull run is over and I didn't have to wear that straight jacket today to keep me from rushing in.
Regards,
Barbara