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

To: HighTech who wrote (56015)10/21/1998 6:48:00 PM
From: stockycd  Respond to of 58727
 
Check out the transports today...

quote.yahoo.com

The industrials will fall to catch up with the transports on the downside. The transports have dropped about 5+% from yesterdays highs. That corresponds to about a 450 pt drop in the DOW if the transports would remain flat to slightly down while the DOW caught up.
I think this last top was essentially a double top paired with the mid -september recovery. We are also at double top for the DOW. The NASDAQ has a little ways to go.

CD



To: HighTech who wrote (56015)10/21/1998 6:59:00 PM
From: donald sew  Respond to of 58727
 
Hitech,

I do watch the McOsc, but do not rely on it for actualy signals. In my system I use it to confirm environment.

But I agree that it is very high and should at least signal close to a top.

seeya



To: HighTech who wrote (56015)10/21/1998 7:53:00 PM
From: steve susko  Read Replies (1) | Respond to of 58727
 
McClellan reading actually droppred slightedly today to 234. Could signal the beginnign of a short term down trend.


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