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


To: donald sew who wrote (52635)9/15/1998 9:07:00 AM
From: SE  Read Replies (1) | Respond to of 58727
 
This might be of interest...

prars.com

-Scott



To: donald sew who wrote (52635)9/15/1998 9:41:00 AM
From: Arik T.G.  Read Replies (1) | Respond to of 58727
 
Donald,

You made a lot of sense.

If we drop below the rising line connecting the intraday lows 9/1 and 9/4, currently at SPX 980, there are no significant supports left.
So a test of Dow 7500 will probably fail.

The rounding top of yesterday suggest that the S.T. rally has exhausted itself.

I'd be cautious going against a flat to down market. IMO the weaker it is today, the weaker it will continue, and flat to down is quite strong after the last two trading days.

ATG