Silicon Investor (SI) -- The First Internet Community

To: m-top who wrote (314)

6/17/1998 12:42:00 PM

From: LG

John, I do not see the market falling apart today.

The Dow has upside resistance at 8885 (+/-) 5. That is the center of the Dow's moving trading channel I follow. I believe the Dow is trading in the lower half of that channel until it closes above that center.

I expect oscillations inside this moving channel until contact with the Dow's 200 SMA. Then I expect it to begin its next leg up. Maybe its last leg up.

Regards,
LG