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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (46729)	6/24/1998 7:26:00 AM
From: SE	Read Replies (1) of 58727

Lisa, I am not switching camps...yet, but there is a definite possibility of a break-out going on here. Now if that is the case and we run to new highs I was thinking what would that do to the indicators. For example, your NDX TRIN has not been working so well lately. If the market is breaking out the 5-day TRIN might be at levels below 4.0 for several days. This would require back-testing, but in theory it seems to make sense and in fact it might be an indicator that works great in choppy volatile markets and then an indicator that will tell when a break from the trading range occurs....which is what we might have going on now. Just a thought.... -Scott

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