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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (2906)	7/11/1998 1:18:00 PM
From: set	of 5676

> the change in trend I was talking about was in the internets got it. you know I've been watching DCLK for months and then watched it run and never touched it. damn and double damn. on CPQ the overall picture I'm looking for is a rising wedge that began in march. we'll see in a couple days if the upper line on that wedge is going to be rising or flat. either way I expect the stock to flop in the lower half of the 30s until some time in august or at least late july. when that's finished you got one hell of an inverted H&S targetting $44 if I read it right. I will be buying aug 32.5 puts if I can get them cheap enough, and then oct 35 calls if the put trade works out right. This can go wrong. it could go north and just keep going, but I don't think so. shahar

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