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Strategies & Market Trends : Tech Stock Options
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To: thebeach who wrote (51152)8/30/1998 11:50:00 PM
From: donald sew  Read Replies (1) of 58727
 
BEACH,

>>>>>>>>>> We shall have a huge relief rally the first 2 days this week and then a small selloff and we are off to the races to 8500. <<<<<<<

You could be right, but would you mind to explain why you think that either on a technical or fundamental basis.

On a technical basis 8500 is still a LOWER HIGH since the last peak was close to 8600, which implies that on a technical basis that the downtrend will continue (LOWER LOWS + LOWER HIGHS = DOWNTREND). Or are you saying that the downtrend is over, and that we will approach 8500 soon, on the way up. We would like to hear more from those who post seldom here, but would kindly request that you explain futher as to your belief since all opinions are important to better understand the market. Also, just think that it is important to the integrity of this thread to have opinions explained in order to avoid hyping without explaination.

Seeya
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