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

To: donald sew who wrote (43688)5/21/1998 8:26:00 AM
From: marc chatman  Read Replies (1) | Respond to of 58727
 
Don, the triangles forming on a couple of the major indexes -- the DJIA and the OEX, in particular -- appear to be ascending. I wouldn't want to bet against them breaking to the upside. (I'm not betting on it, either. I think I'll try to preserve some capital for awhile.)

Edit: Hmmmm, the Nasdaq Comp. appears to be forming a descending triangle.



To: donald sew who wrote (43688)5/21/1998 2:42:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 58727
 
Hi Donald .. I was the one harping about a selloff yesterday;

The primary difference between yesterday and today is that yesterday the Fed added liquidity .. today they drained.

Should have changed my story after they added.

Gersh


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