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


To: The Jedi who wrote (49681)8/11/1998 2:15:00 PM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Kiri,

My previous post 49488 of AUG6
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
2) Pullback to start AUG 11-12(next TUE/WED) and bottom out aroung AUG 17/18, with dowside target of the recent lows(8362). If 8362 does not hold then we could then go down big, and the followint(point3) will be negated.

3) Upswing to start AUG 17-18 forming a double bottom. Maximum upside target at 9040, with top to occur during the last week of AUG first week of SEPT. <<<<<<<<<<<<<<<<<<<

>>>>>>>>>So thinking why should the market rally before then. Should not be rallying this Friday (fear of the weekend unknown, and China
devaluation fear), so that leaves tomorrow and Thu.<<<<<<<<

Do feel that there is alot of negativity hanging over this market.

This market is moving so fast. Feel that future rallys now will be small and short-lived and maybe only intraday. We could still have one of those MARIA rallys on Friday - intraday upswing of 50 points.

Seeya