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

To: HiSpeed who wrote (55720)	10/17/1998 4:19:00 PM
From: HairBall	Respond to of 58727

HiSpeed: I am long in a rally that I can only describe as a Bear Rally, for now! How long will it last?...My technicals only give direction and not price points or duration. So as always, I am only working at staying on the right side of the moves. I will trust my technicals to move me out in a timely manner. And of course, per my position and day trade strategy, I will be trailing a stop loss, behind each position, just in case my technicals misfire! As far as daily predictions or expectations Donald Sew is far more experienced at that than I. I am not able to do intra day data analysis yet. (Only time/sales analysis and that is subjective and time consuming.) Still waiting for a software update. Now, having said that, The SPX 200 day SMA (approximately 1068) offered resistance on Friday. I would suspect both the 200 day SMA of the SPX (1069) and the Dow Industrials (8558) have or will pose enough resistance for “at least” a pull back. A strong penetration of the Dow Industrials 200 day SMA would portend a move to the 8800 resistance level with the psychological 9000 area being next. Time will tell...<g> BWDIK Regards, LG