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To: Jorj X Mckie who wrote (56269)10/25/1998 12:05:00 AM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Jorj,

The 60 peak on DELL is not a major peak, the most important one is at 69. Agree, if it breaks 60 it should head higher, but for now the technicals are more negative than positive.

seeya and thanks for the explanation.




To: Jorj X Mckie who wrote (56269)10/25/1998 12:14:00 AM
From: donald sew  Read Replies (2) | Respond to of 58727
 
INDEX UPDATE
-----------------------

A very clear DESCENDING TRIANGLE is forming on the DOW per the 60 min charts.

chartpatterns.com

The lower trendline(horizontal base) is at approximately 8425, which will also be the APEX. If the DOW on MON breaks 8375, it would be a significant break of the ASCENDING TRIANGLE, and would imply further downside.

If the DOW was to break the ASCENDING TRIANGLE with increasing volume that would confirm negativity and further downside.

In light of this and other technical negatives, feel that the probability is in favor of the market heading down on Monday/TUE

Seeya