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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 (49844)8/13/1998 9:45:00 PM
From: SJS  Read Replies (1) | Respond to of 58727
 
Lisa,

Bob Pisani talked Tuesday (all day) about SPX 1060 as "that major technical number", but may have been rounding, as Don indicated. We've stayed over that yesterday, and didn't close down near it today. However, we're getting there slowly but surely...

SS



To: ViperChick Secret Agent 006.9 who wrote (49844)8/13/1998 10:00:00 PM
From: Saulamanca  Respond to of 58727
 
Lisa, the TRIN is something I don't follow too closely and I haven't done anything with Dave's method either.

Jerry Favors said in his update Tuesday night:

The Trin-5 suggests a low is near when it
reaches near 6.00 or higher. If the Trin-5 was near 6.00 or
higher today we would have more confidence that we are near
some sort of short term low,since it would be in strong
oversold territory. The fact that the Trin-5 is not even
close to oversold territory leaves the Dow vulnerable to an
even larger decline.

Jim