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Strategies & Market Trends : Tech Stock Options
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To: The Perfect Hedge who wrote (32048)12/30/1997 4:43:00 AM
From: donald sew   of 58727
 
Glen,

I checked the charts on the OSX and the next resistance line is at 112 and is crucial for the OSX to pierce to go up further.

If the OSX approaches the 112 mark in the next few days(1-3), it will become overbought per my short term technicals. There is a chance that it may just blow right buy the 112 resistance, but if it is showing difficulty at 112 it may take another short-term cycle for the OSX to get to the 115-120 range.

The key is to watch carefully how the OSX performs intraday as it approaches 112.

Seeya
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