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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (26756)10/23/1997 5:53:00 PM
From: donald sew  Read Replies (1) of 58727
 
Tom,

Per my GUITAR analysis, which is quantitative, the divergence between the the bonds and the market is at maximum levels. Either the market will move up soon or the bonds need to drop. I am concluding that the bonds will not drop over the near-term since the flight to safety is not yet over, there4 it will help the market rise.

I do agree that the immediate issue is not the impact the bond market has on the stock market; the main issue is still the Hong Kong market.

My CLASS 1 BUYS are based on short-term technicals; therefore it can only predict short moves. Please keep in mind that my CLASS 1 BUY was based on today's(last night) data of the Heng Seng; therefore the buy-in point will be at tomorrow's(tonight's) low. Yes the Heng Seng can dip further tonight, but per my technicals it should be the last major dip for the short-term. Keep our finger's cross.

As for the HengSeng longer term - I feel, subjectively, that it can drop further but it will be a slower decline if such happens and will not have that much impact on the U.S. market at that time.
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