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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 (50862)8/27/1998 11:52:00 AM
From: Dom B.  Read Replies (1) | Respond to of 58727
 
me gonna be a ten-year subscriber (i'm el cheapo)

to the Il Daily Terorista de Wall Street
Tipster
...

hehehe...



To: ViperChick Secret Agent 006.9 who wrote (50862)8/27/1998 11:56:00 AM
From: AlanH  Respond to of 58727
 
Morning Stars for SPX, NDX. We'll see. <e>



To: ViperChick Secret Agent 006.9 who wrote (50862)8/27/1998 12:25:00 PM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Lisa,

I just got back, when the DOW was down 310 and rising. Had something urgent to take care of.

I guess no need to say how negative things are.

Even if we rebound substantially, the intraday low is more important than the closing low, not that the closing low is not important.
Please, I have been whipsawed enough in the past to never say "FOR SURE". However I must say with urgency to stick with the basics. LOWER LOWS and LOWER HIGHS = downtrend. Can it turn immediately - sure it can, but that is less probable.

I checked my short-term techicals again and unfortunately they are still not even in the oversold range (below 20). Right now with the DOW down 280 my reading still in the lower mid-range at 32. This baby can go lower, whether its today or not. Therefore my mathematical calculation was off which stated 350-400 down. Shoot, wonder why I was so far off. At the 32 reading on my short-term technicals, we can still go dow another 200-300 points before it becomes a CLASS BUY.

Seeya