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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (21105)5/14/1999 1:25:00 PM
From: Daflye  Read Replies (1) | Respond to of 42787
 
Dead money, I might bolt at break even. It's weird though. Yesterday over 2200 contracts traded, today were only up to 941. I suppose that's good, if I were to see 3000+ traded, and IBM hold these levels I might be inclined to say IBM will move higher. Also I was seeing more 5000+ shr trades go off closer to or at the ask. Institutions seem to be buying, not selling.

Mixed signals, if IBM breaks below yesterdays lows, 235ish, or even 238 I suspect alot of the fresh money will bolt and the gap up from 226ish will close. So I'm holdin'.

What does Caprino have to say this week?

D

edit:Looks like another down wave is kicking in, this could bring out a freaky, close your shorts out friday rally.