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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI) -- Ignore unavailable to you. Want to Upgrade?


To: HiSpeed who wrote (107)9/17/1998 10:10:00 PM
From: SkyDart  Respond to of 268
 
Island Reversal CCI

Looks like CCI shows an Island reversal with Gap up on the 14th, gap down on the 17th. Significance? It is likely to go lower. Read the posts by Donald Sew on Puts/Calls Tech Stocks. I agree with Don that the market will probably go down next week and may break 7400 to the downside.

However, the MM's and Big Boys are keeping it propped up today and tomorrow until options expire, after which they can afford to allow it to go lower.....

Good Luck,

Jeff