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


To: ViperChick Secret Agent 006.9 who wrote (53489)9/22/1998 10:47:00 AM
From: donald sew  Read Replies (3) | Respond to of 58727
 
INDEX UPDATE - INTRDAY
--------------------------

In light of yesterdays strong intraday rebound, there is some significant signs of weakness, so far, today.

The S&P futures were up 12 just before the open, which implied that the the open should have been quite strong; however the highest the DOW got was about 50 points to the upside.

The TICK got as high as 900, which is very strong and supported the futures, but again the DOW was only up 50.

Right now the TICK is up 200 and the DOW down 5, and the TICK has not even gone negative for the day.

Today could possibly be quite weak.

Seeya



To: ViperChick Secret Agent 006.9 who wrote (53489)9/23/1998 12:58:00 AM
From: Kevin Walsh  Read Replies (1) | Respond to of 58727
 
Hi Zena darlin', Long time no post for me. Yeah, some things/people never change. It's best for everyone to ignore the rants.

How've you been? Going to Vegas soon?

A very good friend of mine just saw Plant and Page at the Hollywood Bowl. He said it was an awesome show.

Ole Led Head.

ps: Here's my contribution - the latest McClellan Oscillator and Summation Index charts.
decisionpoint.com

It's interesting that the Oscillator is currently showing a very overbought condition (+154) bounce after the very oversold condition. The recent low of the Summation Index (about -3500) is significantly lower than the low of the '87 crash (about -2200). To me this means there is significant downward momentum remaining in the market.