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

To: donald sew who wrote (57333)	11/12/1998 6:30:00 PM
From: HighTech	Read Replies (1) \| Respond to of 58727

Looking at 25-day a/d, it is still on the rise the last few days even though a/d has been negative. Probably because 25 days ago was near bottom when numbers were very negative. Next few days will drop those from the count. Modified TRIN 10-day average has been positive but flat to slightly down for about 14 days. Haven't used this indicator very long but it went up sharply just before that. Consolidation? Or something else I don't know. Just know it is not RISING. 5-day TRIN on Nasdaq has been under 4.0 nine of the last 12 days. Seems a bit overbought. This has happened before, a prolonged period under 4.0 for Naz. It has also sharply corrected after that. Wouldn't want to be very long over the weekend. HiTech

To: donald sew who wrote (57333)	11/12/1998 8:32:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 58727

iqc.com donald, care to elaborate on the wild volatility swings on DELL? since July the trading range just keeps expanding(!)

To: donald sew who wrote (57333)	11/12/1998 9:06:00 PM
From: HairBall	Read Replies (1) \| Respond to of 58727

Donald: Well the Dow Industrials Bull Flag's upper trend line held today. New trend line projections for Friday: (Actual Intraday Semi-Log 60 Minute Chart) Note: The range is approximate and covers the angle from the beginning hour to the last hour for the trading day. Upper Descending Trend Line: 8890/8860 Lower Descending Trend Line: 8755/8725 A break to the upside (a normal break) would find next resistance at price action areas: 8950, 9000, 9100 and 9200. (This is a loose approximate of an extension of the violated long term Bull Support Line from 94/95 to the recent top in July. To view, draw along the low clusters ignoring the spikes below.) A break to the downside (a negating break) would find next support at price action area: 8650, 8633 (200 day SMA) and price action area 8550. All numbers are approximate. This Bull Flag is a very narrow declining trading range. I suspect it will resolve soon. My best guess would be Wed/Thur of next week, maybe sooner. If this formation breaks to the norm, I expect the rally to be confined by the above-mentioned previous Bull trend support line acting as resistance. Then I suspect the Market will retest the October lows. Note: Once again as was the case with the last Bull Flag, I am having to forward look my own Indicators, to guess the resolution of the formation. My stuff does not portend price points only direction. And, they are pointing down short-term, for now! (All Disclaimers Apply) Regards, LG