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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Arik T.G. who wrote (52033)9/10/1998 9:14:00 AM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Arik,

>>>>> Today being the 2nd day of decline, the 4th day is Monday.
I believe 4 days will be more then enough to take us to a new low.
Just look at the four days of decline from 8/25. IMO the current move should be bigger. It's the 3 of 3 of 1, the crash phase in all its splendor. <<<<<<<<<<<<<<

You got no arguement from me, but if you notice one of my earlier posts, I am always off by one day. ggggggggggggggggggggg

Actually, it would depend on where my short-term technicals are. Of course the faster the market drops the faster my short-term technicals drop. I calculated that for my short-term technicals to get to CLASS BUY status by tomorrow the DOW would need to drop 600-800 points. For a CLASS BUY status by MON, the DOW would need to drop 500-700 points, and for TUE, 400-600 points. These are just approximations based on mathematical calculations from my SHORT-TERM technicals. Also, it doesnt mean that it could not go lower either.

Seeya