Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (24418)	8/16/1998 7:50:00 AM
From: donald sew	Read Replies (1) \| Respond to of 94695

ATG, Excellant post. That was very close to my plan of attack with just minor variations. Frankly, I like your better. Seeya

To: Arik T.G. who wrote (24418)	8/16/1998 10:47:00 AM
From: Bull RidaH	Respond to of 94695

Arik, Nice work! Your 527 OEX level would correspond with the 1071 SPX level. I agree that a move above that level would seriously damage the bear scenario for the rest of the day, but I may give it another few points higher, depending on what my system trade box says. The gap down scenario seems the most likely, because world markets should respond unkindly to the U.S. not following their lead on friday, which should help the 1058 futures support level break in globex tonight. Regards, David