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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (10794)4/13/1999 10:38:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 99985
 
Thanks Pat

Like I said last night, I expect to see the inverse of yesterdays pattern played out today. (For whatever that's worth<g>)

Regarding patterns

Several people have mentioned INTC reporting tonight. The most common pattern, lately, for INTC earnings has been for the stock to run up into the earnings report then to pull back to some option strike price (~7 to 10 points below where it was at report time) then go flat until the end of the week. Since the split just took place that pullback would be ~3-5 points.

Clinton about to come on .. I expect an announcement about ground troops.

Gersh