Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Debra Orlow who wrote (58197)	12/1/1998 11:24:00 PM
From: donald sew	Read Replies (3) \| Respond to of 58727

INDEX UPDATE ============================== By 1:30 this afternoon, the DOW regained about 140 points above the intradays low when the DOW got below 9000 slightly. After that strong upswing the DOW was flat for the rest of the day right into the close. If the DOW does not move up strongly over the next 1-2 days, than feel that such action may be a hint that we may be forming another STAIRSTEP, as the market did after the JULY 20 high. The NAZ was up very strong, but it was interesting to note that the HEW LOWs in the NAZ exceeded the NEW HIGHs. I interpret that as todays rally in the NAZ not being that broadbased. The RUT was flat, and many of the RUT stocks are in the NAZ. If the market does not move up strong immediately, one could interpret such as a continuance of a topping out process. If a STAIRSTEP is formed it could be an ominous sign for the future. Seeya