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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (50627)	8/24/1998 11:08:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 58727

Donald; RE:" Das Trend " >>According to my candlestick tea leaves, Donald, the mid-July Downtrend was buried in a gravestone doji Friday, intra-day. The operative trend appears to be a nice horizontal trading channel on the OEX that began in March-April. Sure hope so. >I presume you are talking about the approximate range of 520-545/550. If the DOW breaks 8300 support range, then it is likely that the OEX will break 520. Well, obviously - but it hasn't yet, Donald; so, in lieu of any other trend/channel evident, this is what we got. I mean, to paraphrase your words: "If the DOW breaks 8700 resistance range, then it is likely that the OEX will break 545". (^_^) Question is, "What's the trend, amigo mio ?" If the DownTrend from mid-July ist kaput, then what's the dominant trend now ? C'mon, Donald - be bold, stick that neck on out there: what's your gut tellin' you ? You really think we're gonna continue to go down at the rate of 12 OEX points per week, until we hit ~460 (the mid-July DownTrend) ? Or do you think we're gonna vibrate along that March-April DownTrend channel in 8-9 day sine waves ? You don't get kudos for tellin' me that DJIA ~8300 support is equivalent to OEX ~520, baby. But you get my respect for takin' a moment to pull back from the ticks and tocks and tellin' me what's in that battle - hardened gut o' yours ! And mebbe a bottle of cognac if we get out of this alive, comrade. -Steve