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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (15641)9/17/1998 9:59:00 PM
From: Jorj X Mckie  Respond to of 42787
 
Lee,
I don't really have a feel for tomorrow...other than my own fear and loathing. If the DJIA reverses directions to 8050 I would see this as a pretty bullish indication, but I am expecting the move to 7600 before a significant reversal up.

P&F doesn't have a time element associated with it, fortunately in these fast markets I just look for the chart to complete its pattern quickly (or I check out what Donald's TA says and act a day in advance).
Tom



To: Lee Lichterman III who wrote (15641)9/17/1998 10:24:00 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 42787
 
My take is that today was totally unexpected by pros and amateurs alike. If it was expected, then why did the market rally yesterday?Puts closed at their lows of the day at the close yesterday. No, this was an anomaly. We go up for 1-3 days, then retest.