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Technology Stocks : Data Dimensions

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To: Bob Trocchi who wrote (3189)	10/2/1997 10:37:00 PM
From: TA Trader	of 4571

My post #3052 (Sept.15) was right on calling for consolidation and a boring period before moving higher. My post #3113 was wrong as I got faked out with the "false"breakout to the upside calling for a near term 40 count. So the consolidation continues but will soon result in some significant movement which I still expect to be up. The pullback continues to be on light volume as we continue to work off the quick move from 22 to 36 (early Aug. to late August). We have a well defined rising trendline currently 29-30 and a rising 30 MA at 31. Some technical indicators that I follow i.e. Stochastics are nearing a short term oversold condition and could soon support moves to new highs. Technically I see nothing that changes my mind that we will soon move higher. I continue to write calls, mostly Oct. 35's and some 30's but I will be quick to react if any of these trendlines are violated or a new high is achieved on increasing volume; of course. The sentiment on this thread certainly remains totally in my favor, all BEARS! I like the odds. What A Country!

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