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Strategies & Market Trends : Tech Stock Options
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To: Alan Smithee who wrote (6901)4/7/1997 2:15:00 AM
From: Kevin Walsh   of 58727
 
Thanks DSG, I completely agree - "Hope is not an option". I'll go check out what Mr. Hueb is saying.

Looking at daily charts it doesn't seem likely that INTC will get back down to 135. The declining overhead resistance line was violated. It seems more likely headed to 150 first to form the right neck of a reverse head-and-shoulder pattern.

I should be my own (I can't think of the phrase right now) reverse indicator. I should have sold when I really believed that the gap at about 132 was going to get filled.

Take care,
Kevin.
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