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


To: HairBall who wrote (57345)11/12/1998 11:02:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
LG,

>>>>>>>>>>>>>> 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. <<<<<<<<<<<<<<

Yep, I have the main resistance at 9100(9091). Im getting ready to go long TUE, if the rates are cut and if the market is in the the 8800 range or lower. Subjectively do not think there is that much upside potential for specifically tomorrow, in light of the tension in the mid-east.

If rates are not cut, will the bull flag still break to the upside? My initial feeling is that it will break to the downside, but that would be too easy. ggggggggggggggggg

Seeya