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Strategies & Market Trends : Tech Stock Options
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To: The Jedi who wrote (20425)8/22/1997 8:08:00 AM
From: Kevin   of 58727
 
Hi kiri, how are you? Here is what I psoted yesterday at the close:
>>>Come tomorrow, the SPX will have 928.62 as its pivot and 935.90 as it's first resistance. Being that we're worried about the downside, I'd say watch 917.78 (approx). If we can't hold that support, then we're moving for 910.50

I see the SOX closed below its pivot of 399.44 which puts a negative spin on it. Tomorrow's supports are at 393.95, 390.83, and finally 381.94

I may need to check these figures in the morning, but I believe they're good.<<<

The numbers still hold this morning. 917.78 will be taken out (judging by the futures this morning) and we are on our way to the 910.50 support.

We're also down 26 ticks on the bond futures which will fuel the fall in stocks. It's down to 112-13 which has already fallen through its first two supports. Next support is at 111-26. I wouldn't want to see that drop.

Good luck with your trades.

Kevin
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