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

To: Wildstar who wrote (52705)9/15/1998 4:03:00 PM
From: donald sew  Respond to of 58727
 
Wildstar,

>>>>>>>> If the market closes near its highs but below 8039, does that still negate the reversal? <<<<<<<<<<

No it does not negate it. Actually we got to 8035, which we could consider a double top.

However, tomorrow could open up since we are closing at the highs.

Actually, the 8039 is really not broken unless it is broken substantially, and I normally use 50 points as the buffer, but dont forget the real resistance is at 8095.

Seeya


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