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


To: Elroy Jetson who wrote (53263)9/18/1998 3:59:00 PM
From: donald sew  Read Replies (3) | Respond to of 58727
 
ELROY,

The TICK just hit 1000 points and the DOW is only up 37 points. That is not a sign of strength. Must have been alot of BUY ON CLOSE orders, regardless that should not be considered strength.

Many will consider that this pullback is weakening since there was no strong continuation today. That may be a mistake to assume that in light of only getting a up-37 on the DOW will 1000 UPTICKS.

In light of such poor performance in relation to the huge TICK move of UP-1000, I feel strongly that if such continues we could see a strong down day on Monday.

Caution should be taken not to automatically assume that this lack of continuation is a sign of the pullback weakening.

Seeya