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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 (41334)4/26/1998 1:52:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
Thought you might like the movie my son threw on a website

Click on the arrow for animation,

seuss.hedra.net



To: ViperChick Secret Agent 006.9 who wrote (41334)4/27/1998 9:20:00 AM
From: Kevin  Respond to of 58727
 
Good morning Lisa and all.

>>> Working on coaxing you out of your hiatus...sort of like an old stubborn bull........whadda got do...flash ya?<<<

A little flash here and there usually does get MY attention <<<g>>>.

>>>...k...run on over to my profile for a lil red <<<

It's been awhile, so I'll be sure to drop by today.

>>>Here is the question for the week
During the last downdraft you told me via PM that in your opinion we couldnt have more than a 3% correction with the looks of the money flow and all your indicators...hmm...still using Choke???

Yes, I'm still using Choke as a confirm on the index trading system, and have also found some use for it (possibly) to help signal downdrafts for equities with strong negative Block MF.

>>>Anyway, with my help on the "targets"...ahem.....with the typos...you gave us an SPX target that we hit..and exceeded by a New Joisey Tad... <<<

ROFL! How many times did I say 1024 for the SPX and have to be corrected? I was pretty surprised that the 1124-1127 target had been reached ;-)

>>>now we are back down to lower levels....
So what kind of target do you have this time...after Fridays action...<<<

Friday's action triggered an index-trading system sell signal @ 1119.20 (the break point I p-mailed you Friday) and Choke confirmed on a closing basis for a 3-7 day downtrend.

Today 1100 will be key on a closing basis. A close below 1100 may take us to approx 1093 before holding / rebounding. We could even test 1093 resistance intraday today but there should be a support @ 1097.45 (give or take a 1/2 point).

I still think we're in a 'buy on dips' market. MF way too strong. We should take at least one more run for a new high before selling off (IF we have a considerable sellof...don't see it still). I have a target for the SPX of 1133-1134 within 1-2 weeks...give me 3 though since I haven't been as a ctive lately <<<g>>>.

Talk to you later.

Kevin