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Strategies & Market Trends : Tech Stock Options
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To: j g cordes who wrote (39147)4/12/1998 10:50:00 AM
From: donald sew  Read Replies (1) of 58727
 
Jim,

You have such a way of expressing things. After I wrote that note of just getting MAY PUTS, I wanted to amend, but by that time I was having sweet dreams.

Per my past notes, I had indicated that the top would occur this week and that per my short-term technicals indicated that the top should occur TUE/WED, and that a pullback should start WED/THUR, and could even start as early as tomorrow afternoon.

So to speak, I would not be really getting PUTS tomorrow in mid-stream, but would be close to where I think the action is. It was my fault for not being clearer.

I was just looking at the weekly charts on the DOW and noticed that the corrective period from AUG 97 to Mid-JAN 98 was the longest and largest we have had since April 1993(thats as far as my charts took me back to).

Jim, you have been around awhile. Any significance to that. Could it be a base to indicate that we are going to the moon or a early warning signal in the negative sense. Either way its a long-term outlook.

Seeya
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