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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 (52239)9/11/1998 12:15:00 PM
From: epicure  Read Replies (1) | Respond to of 58727
 
I feel i am pretty bad at reading triangles- so could someone else look at the triangle on the 5 minute dj - it is not symmetrical, it leans towards bearish imo, but the bottom isn't perfectly flat (why is nothing ever perfect?)



To: ViperChick Secret Agent 006.9 who wrote (52239)9/11/1998 12:33:00 PM
From: Rambi  Read Replies (2) | Respond to of 58727
 
Lisa-I'm seeing a descending triangle on DJ---can you confirm--help anyone??
Thanks!!!!



To: ViperChick Secret Agent 006.9 who wrote (52239)9/11/1998 12:43:00 PM
From: donald sew  Read Replies (5) | Respond to of 58727
 
INDEX UPDATE - INTRADAY - URGENT
--------------------------------------------

Going thru the charts, something is bothering me so I will not add to my PUTs today.

Of course it can be argued that yesterday we formed a double bottom at 7500 range for the DOW. I indicated that my technicals are in the mid-range which implies that there is more downside, but since it is in the middle it can change at anytime.

I checked the JAPAN market(N225), and the situation is similar to the DOW. The mid-term technicals are right in the mid-range and it formed a double bottom, slightly below 14000. This double bottom formation in the N225 could produce a bounce Sunday night, in their market and possibly Asian, which in-turn could help boost our market up on Monday.

The overall short/mid-term trend is still down, but we may get a pop on Monday.

For me, it is now a toss-up as to whether Monday is down or up. Until we break yesterday's highs on the DOW of 7865, the DOW is still in the very short-term downtrend, even if DOW closed positive but stays below 7865.

But I want to express some caution that Monday could possibly pop if Asia does.

Seeya