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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 (48723)7/28/1998 1:34:00 PM
From: donald sew  Respond to of 58727
 
INDEX UPDATE
----------------------

Just did a quick TICK ANALYSIS and it is hinting that we should bouce off the lows today and will close above today's lows at negative 195.
But if there are more SELL PROGRAMS, such will negate this analysis.

at about 11:48 the DOWN-MOMENTUM had a reading of 1.27, that is huge since normally the highest it has gotten recently is only .9. But at 1:04 the DOW MOMENTUM went to a more normal level of .65. The UP-MOMENTUM is climbing and at 12:51 it had a reading of .45, and got better at 1:16 with a reading of .63.



To: ViperChick Secret Agent 006.9 who wrote (48723)7/28/1998 2:32:00 PM
From: Lee  Read Replies (1) | Respond to of 58727
 
Hi Lisa,..Re:<<SP8U at a discount to SPX>>

I remember the post from Ike but can't find it easily. ALso remember, from years back, that when the tick got below -1000 on SPX to look for an opportunity to go long. Although today was only a small bounce. I'll try to find the info.

Regards,

Lee