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

To: joe smith who wrote (42901)	5/11/1998 9:02:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE ----------------------- I am starting to hear that we are heading to the 9600+ area right from here for the short-term. I do believe that we will move up over the next few days with the top of this short-term up cycle arriving WED/THU, but am very cautious with the 9600 target. I do believe that we could see the 9200-9300 range this week, but that should be it. Am watching the interest rates carefully and at the open it rose to 5.989%. I am not saying that if we cross 6.00% slightly that the market will dump, but that nervousness will start to increase again and limit this short-term runup. Now if interest rates climbs to 6.1%+, then I feel this immediate rally will stall, if not reverse a bit. Also I am carefully watching the divergences of some of the important indexes I mentioned previously (BKX,XAL,DRG,TRAN,PNX,ETC). If they continue to diverge that will also put limits on this immediate rally(1-5 days). Also we have the possible beginnings of TRIANGLES, which I will be watching carefully to see if their integrity is maintained. The futures are up strong (fair cash value at 2.70 + current 2.3 = 5), so we will be up nicely at the open. Seeya PS - believe today is the full moon ggggggggggggggg

To: joe smith who wrote (42901)	5/11/1998 12:26:00 PM
From: Chris	Read Replies (1) \| Respond to of 58727

hi joe (money flow site): although not a perfect indicator on which stock is going higher, i do see a correlation with the positive mf picks and my weekly buys. some notable ones are txn, intc.. sells: msft, and others. (sorry, can't recall at the moment) basically, i just use the site to just "check my signals" to see if they are buys.. ie: if you noticed, dell is on neg. money flow.. this is also before earnings as well. I've also pinned (hopefully) a strong dell resistance at 94. if you noticed today's action, the high was at 94 on the dot.. not sure if that is a sign of a good call, but we will see. basically, i use the mf-site as another "info" for me to look at.. i like it b/c it's objective. no outside noise. just use it with my system to confirm.. very easy..