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Cannot see past today....as 14 period ADX is not showing a trend and 21 period RSI is
also non-committal.
The relatively poor action in the OEX versus the S&P Futures persuade me to believe that
the short side will be the better one over the next week or so.
--PJS
>
> 85 looks like a reasonable first support. If this trade were done using
> AIQ, the way to play it in my book would have been to short rallies or buy
> puts after that ER 1 up and ER 98 down on 9/23. Dumping the puts in a
> panic selloff like today would be nirvana.
>
> BobR
>
> At 09:57 AM 10/15/97 -0400, Patrick Slevin wrote:
> >85 now looks like major support.
> >
> >Is that what AIQ indicates as well?
> >
> >--PJS
> >>
> >> Looks like AIQ was correct in its last sell signal on INTC. 92 was support
> >> that failed prior to the earnings and is following through today. I will
> >> take technical analysis for consistency and reliability over intuition and
> >> CNBC anyday.
> >>
> >> BobR
> >>
> >
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