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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (27180)10/28/1997 8:37:00 AM
From: donald sew  Read Replies (2) of 58727
 
INDEX UPDATE
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Believe that when the reversal begins it will be in the form of what I call a TECHNICAL DELAYED DIP, which most refer to as a DOUBLE BOTTOM.

Upon reversal upwards, it will top out not far from the bottom, and head back down to the previous low, then up again.

Again guessing without technical support:
1) DOW to bottom around 6800
2) Reversal almost immediately to above 7000 (7100-7200 range)
3) Back down to the 6800 range
4) 3-10 days at the 6800 range
5) then up solidly

This is only a feeling and probably be way off
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