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

To: dennis michael patterson who wrote (54408)	9/30/1998 8:26:00 PM
From: donald sew	Read Replies (4) \| Respond to of 58727

INDEX UPDATE ------------------- Im limited on time so I cant go into much detail. OEX - closed at lower trendline of FLAG SPX - closed below lower trendling of FLAG DOW - closed below lower trendline of RISING WEDGE NAZ - close at lower trendline of FLAG(SHALLOW RISING WEDGE), but intraday pierced the lower trendline to the downside TRAN(DOW TRANSPORT) - only about 20 points away from setting a new low and the DOW still substantially above 7400(DOW THEORY of TRANSPORT leading the way for the DOW RUT - close off their lows, one of the few bright spots. Sure the market could pop some tomorow, but any pop will probably be sold into. Next important support at 7700. Some technical signals that 7400 may not hold, but need more confirmation - still not sure. Seeya