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


To: HairBall who wrote (54622)10/2/1998 12:31:00 PM
From: HiSpeed  Respond to of 58727
 
<HiSpeed: I am changing my last post to you...my Intraday indicator from the Dow Trans...began to portend
a bounce/rally coming as of the last hour yesterday.

Your call may be right on! Sorry, I spoke before I confirmed...don't think is a turn, just a bounce!>

Agreed, it's a bounce and I'm playing it only for a ST trade.



To: HairBall who wrote (54622)10/2/1998 12:32:00 PM
From: Jay Scott  Read Replies (1) | Respond to of 58727
 
P&F intraday chart confirms OEX reversed up from the lows today. Maybe short-term rally back to 500 before it runs into trouble again.

Regards,

JS



To: HairBall who wrote (54622)10/2/1998 3:05:00 PM
From: HiSpeed  Respond to of 58727
 
Just compared the intraday charts of Sept 1st (the day after the big sell-off) and today. Last time the DJX sold off 100 points intraday (just like today) then ramped into the close. If the pattern plays out today, buyers will jump in the last hour of trading. If they don't, most bets are off. I still expect Monday to be an up day. JMO