Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: James Strauss who wrote (8213)	10/4/1998 3:35:00 PM
From: GROUND ZERO™	Respond to of 34808

James, Thanks. GZ

To: James Strauss who wrote (8213)	10/4/1998 7:44:00 PM
From: Kenneth R Miller	Read Replies (1) \| Respond to of 34808

Time to go short the MDY or SPY at DOW 8200... sounds like a plan.. heh heh. We might have a two day rally.. or 1.5 days rally.

To: James Strauss who wrote (8213)	10/4/1998 7:54:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 34808

Evening James, In looking at a P&F chart of the DJIA we find resistance at 8150, current level in O's at 7550 and last support at 7450...thus we have pulled back almost to our low support of several weeks ago... With all things considered, I'd look for a small rally if nothing negative happens overseas this evening but with any major unsettling news, I look for 7400 to be taken out by early November... We'll play our cards as the are dealt, and take the approprate actions when the time comes... Just My thoughts, Later Preston