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


To: Dragon 1 who wrote (53392)9/21/1998 8:51:00 AM
From: donald sew  Respond to of 58727
 
Xia Qui,

As always, its nice to hear from you.

Besides my technical analysis, my subjective view of the market is based on a YING/YANG approach, that of balance. Lets just say that this market is not in balance

It amazes me how some can still feel that the market will either get back to the highs around 9350 or set higher highs by the end of the year.

Just using common sense, OCT has not even begun yet which is simply a very psychological negative month.

Many analyst, if not most are calling 7400 as the bottom. My position is that it is simply too early to make that call. With Fridays closing price in the DOW at 7895 is still break-even for the DOW for the year. Those just playing the DOW and some big NAZ stocks have not yet lost money for the year.

Seeya