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

To: HairBall who wrote (55795)	10/19/1998 10:15:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

LG, The NEW HIGHs/NEW LOWs are not improving that much right now, so that was a great play. CONGRADULATIONS!!!! Sure it can go a bit higher, but the upside is limited so the risk to reward is at high levels. I think the top for this immediate upswing should be close to the 200 DMA around 8550, so lets say 8500-8550. That is not to say that the next upswing could not take it higher, just talking about this specific upswing. The TICK right now is up 950 but the most the DOW can get is up 46 so far. Could be the beginning of the topping out process, but do now expect any big decline yet. The next significant dip should still be a good buying opportunity. seeya