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Strategies & Market Trends : Tech Stock Options

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To: Suresh who wrote (40177)	4/17/1998 11:40:00 AM
From: Tom Trader	of 58727

>>Did you see Glen Neely's interview yesterday ? << No I did not; I rarely listen to any of these gurus--but some times I catch snippets of dialogue. I like Neely, in that he is willing to acknowledge when he is wrong. >>It seemed to be a slight departure from his old stance. Now he thinks we are yet to enter phase 3 of his neowave structure but we will have a run up to 10K in DOW, 1200 in cash SPX and a 10 to 20% correction in the market<< I guess that would be a reversion to his former stance when he felt that the big move that Wol. was looking for was still some ways off. As far as his targets are concerned, it seems like a credible scenario to me -- he uses the waves to help him figure this out and I use my "feelies" as OJ would put it. The one consistent thing about our respective methods -- waves or "feelies"--is that we are both likely to be wrong as often as we are right:) Hope the markets are treating you kindly, Suresh

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