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 (52514)	9/14/1998 9:29:00 AM
From: dennis michael patterson	Read Replies (1) \| Respond to of 58727

Don: Favors indicates in his note of last eve that "any decline below 7749.67 on a print basis during the first full hour of trading Monday will signal some sort of VERY SHORT TERM pullback has begun. But if the Dow later turns back up and rallies above 7818 or above the prior high for the day, whichever of the two is higher a signal of higher prices VERY SHORT TERM will be given." (emphasis supplied) F also adds that we won't be higher long enough for traders to go long, so he recommends "stock traders and mutual fund switchers" stand aside and let the little rally run its course "and to go short as close to the highs as we can get."