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

To: donald sew who wrote (54353)	9/30/1998 2:37:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 58727

Hi Donald, Just wanted to give a P&F read on the DJIA. So far today we have come within 3.5 pts on the DJIA to breaking a double bottom support level. A move to 7850 would clearly violate the support and would break the trend of higher highs and higher lows. Next support is 7750 and a move to 7700 would be the next violation. After that, next support at 7550. Is this similar to your read? On a short term basis I have a defensive position. Tom