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Strategies & Market Trends : Tech Stock Options

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To: SE who wrote (40174)	4/17/1998 11:23:00 AM
From: donald sew	of 58727

INDEX UPDATE ------------------------ The DRG was a CLASS 1 BUY to get in at the low yesterday and for the pop up today, per my short-term technicals. According to CNBC (Maria) some analyst were pushing it this morning. The DOW got up as high as positive 30 and the DRG was up 5. The reason I am mention this is that if this was in MAR the DRUGS would be up huge today and the DRG would probably be up 15-20 points. In the recent past during the heat of this rally, whenever I got a CLASS 1 SELL, the market did dip - but only minimal amounts and simply resumed its rally. Is it possible that this small reaction by the DRG to my CLASS 1 BUY signal a indication that things are turning around. I believe so, but of course it needs further confirmations. If the DRG pops up huge on MONDAY or later today then such action will negate such belief, but if the DRG only limps to the upside, that should give a hint of things to come. I will be watching most of the indexes for such action. Seeya

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