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

To: Patrick Slevin who wrote (47377)7/7/1998 10:47:00 PM
From: HighTech  Read Replies (1) | Respond to of 58727
 
Hi. I've been reading this and Kahuna (my two favorites) for months. I like most of the dialog. Just a few observations. Looking at weekly charts of indexes, most have broken downtrend lines on more than a few heavy volume days. This appears to be a positive for the market. Today's action however was a fairly heavy volume day without much price progress to the upside. This contradicts what has been happening the last couple of weeks. Could this be a short-term top?

Good trading,

HiTech



To: Patrick Slevin who wrote (47377)7/7/1998 11:11:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Patrick,

The technicals are going a bit nuts and so is the market.

It looks like the market will either be flat or down for the next few days.

I really should not state it since it is only a single sign and has no confirmation, but to give put players some hope - this unconfirmed signal is calling for a strong down over the next few days similar to the signal I got for late last week, which did not work(actually a delay of that signal).

Seeya


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