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

To: Stoctrash who wrote (49726)	8/12/1998 11:38:00 AM
From: The Jedi	Read Replies (1) \| Respond to of 58727

RLX is strong because they are reporting earnings this week and have done better than other sectors. They might be the next leaders. Kiri

To: Stoctrash who wrote (49726)	8/12/1998 1:20:00 PM
From: E. Graphs	Respond to of 58727

FredE...As of 8/6 close, a few indexes that had not violated their 150day moving average and were showing improving relative strength were XCI (computer tech), IIX (internet), NDX (Naz 100), XOC (OTC). A look at the big charts in IBD yesterday morning showed the Naz gaining in relative strength. The a/d lines of the Dow and S&P as of yesterday's close were still eating dirt. Indexes that did violate their averages, but snapped back above on a good market wind were RLX (retail) NWX (networking) MSH (high tech) XTC (North American Telecom). Those still below their averages, but showing some strength are AUX CWX BKX, and poss CMR. SOX formation and R/S also improving throughout this "dip". Still need to look at the charts and update for yesterday. I was not too worried by yesterday's retest b/c we were down on relatively low volume........textbook sweet. I should like to think! Just some of my observations and FWIW. E. Graphs

To: Stoctrash who wrote (49726)	8/12/1998 1:28:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Fred, >>>>>>>>>>>> With everyone looking to sell this next rally things just look too cut an dry for me to fall for it. I'm not very bullish..but neither is anyone else.....hummm.... <<<<<<<<<<<<<<< Firstly, who is everyone. I realise that many on SI are bearish, but when I talk to the average investor they are more optimistic, but not overly optimistic. If we are able to move up quickly to the 8700 range(a important short-term resistance line) many of the less experienced investors/traders will turn bullish, and that will be the time that selling will start again. I read the technical analysts report from just this morning, of one of the major investment firms, and they are calling for the short-term top at 8700-8720, which is line with my projections. Again if we get to 8700 quickly the sentiment will change to the positive and that could be a good short-term point to go short. How far of a drop, lets just say a retest of the lows for now. Right now the sentiment appears to be iffy, but a quick movement to 8700 will change some or even alot of that iffi-ness to a positive feeling for the market, then BAM - the big boys short the market as the sentiment is turning positive. Just a subjective thought - like playing chess. Seeya