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Sprint Corporation Message Board

  • Daytrader_98 Daytrader_98 Feb 9, 1998 10:45 PM Flag

    Trend is reversing ...

    I could be wrong but my indicators have just reversed short time, and the market might have topped at this juncture. I
    believe that DOW 30 should base at around 8100 before proceeding any higher. Sears being a dow component might be effected on a temp
    basis, but should reach above 55 by FEb 18th if the analysts meeting turns out positive as alot expect it to be. Seares proved to
    be pretty solid, even when the dow was at its lows, eventhough selling pressures happened at the last minute. Volume is still
    above daily average which is pretty good, but the selling pressures were not that strong.

    This is my 2 cents worth of view, interested in this board's contributors opinion.

6.64+0.02(+0.30%)Sep 23 4:02 PMEDT