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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (6471)3/26/1997 2:51:00 PM
From: David Cope   of 58727
 
Lisa, Kevin et al,

MSFT: High $103.50, Intraday low $87.50, 50% retracement of dip --> $95.50. I suspect we will stall here then head back down.

INTC: High $165.00, Intraday Low $125.75, 50% retracement of dip --> $145.375.

CUBE: Had a nice pop. Some large blocks going through this afternoon. Kevin ?

Today's bounce once again seems like to many people just assume we'll go back to old tech highs soon, ie a repeat of last summer. Just look at the longterm charts of someone like INTC. It looks awful IMHO.
Also, seems a lot of people are closing shorts ahead of the long week-end.....

Any comments ?

Seeya. : )
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