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To: Ms. X who wrote (6110)8/21/1998 12:12:00 PM
From: Ms. X  Respond to of 34811
 
NASD and DJIA today. (so far)

NASD:
1880 X O X O X O O
1870 X O X O X X X O X Med
1860 X O X O X O X O X 8 X X O
1850-------O X O X O X O X O --------X --------O X O ----X O ---------
1840 O X O X O O O X O X O X O
1830 O X O X O X O X O X X O <--Yesterday's action
1820 O X O X O X O X O X O X O
1810 O X O O X O X O X O X O
1800-------O X ------------O X --X --X --------O X O X O X O----------
1790 O O X O X O X O X O X O X O
1780 O X O X O X O X O O O
1770 O X O X O X O X * O<--Has pierced the bullish support line.
1760 O X O X O X O * <--Next support
1750-----------------------O --6 --O X --------------* ---------------
1740 X O X *

DJIA:

9050 | X X O X O X O X O X O X O *
9000-+-----------X O X O X O --O --O X --X O ----X O X ----------* <brl
8950 | X X O X O X O X O X O X O X O
8900 | X O 4 O O X O X O X O X O X O
8850 | X O X O O X 6 X O X X O O
8800 | X O X O O X O X O X 8
8750-+-------X O ----------------------O --O X O X ----O --------X ---
8700 | X O X O O X X O
8650 | X O X O X O X O
8600 | 3 O O X O X X O
8550 | X O X O X O X O
8500-+-------X ----------------------------------------O X O X O X O--
8450 | X O X O X O X O
8400 | X O O X O O
8350 | X Support??--> O O<--Today's action
8300 | X * Next support
8250-+-------X ----------------------------------* ----- 7650



To: Ms. X who wrote (6110)8/21/1998 12:41:00 PM
From: Riskmgmt  Read Replies (1) | Respond to of 34811
 
Hope this helped. If not please let me know,

Thanks Jan, it does help. Now let me see if I have this straight. The support on Intc is $83 so one could go long around that level for a bounce. If it falls through that support then $80 is the next that should hold, if it doesn't then it is not good for a long position.
Is that somewhat close?

thanks,

Ray