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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Jay Scott who wrote (7788)9/25/1998 9:23:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 34809
 
Be careful for whiplash. DELL is alreeady recovering in pre-trading. They may tank it hard for the open then bounce it back up. If it does continue down after the initial bounce, I see 493 on the OEX as the hard fall initial pause. I am not saying it will fall that far but if they push it down, that is where the real testing will begin. Being that it is Friday and the sheeple who own Mutual Funds will be reading the papers this weekend, I half expect a rally to close the whole market back to where it will look like nothing major happened even though everyone will have been lightening up on their holdings.

Good Luck,

Lee