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

To: donald sew who wrote (56011)10/21/1998 5:40:00 PM
From: HighTech  Respond to of 58727
 
Eight of the last nine days have been UP on the Dow. Eight of the last nine Thursdays have been down on the Dow. Last Thursday the only one up. The ODDS are clear. But sometimes the odds are BS.

HiTech



To: donald sew who wrote (56011)10/21/1998 5:44:00 PM
From: Gersh Avery  Respond to of 58727
 
Thanks don ..

I remember a while back you tried to warn me about INTC .. shoulda listened then.

If I had better turn around time I'd be moving my 401k to cash .. but that takes three days, so I'm in for the ride.

Does seem like every bit of logic says we gotta go down, at least a little, before we can move up any more.

Again thanks

Gersh



To: donald sew who wrote (56011)10/21/1998 5:53:00 PM
From: HighTech  Read Replies (3) | Respond to of 58727
 
The McClellan Oscillator had a reading of about 250 or so before today. It continued to rise from a target overbought reading of +100 without turning. The continued rise without a turn implies further upside movement. But today's action may have created a turn. That's when the sell signal is triggered. Do you calculate this daily?

HiTech


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