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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (27326)10/28/1997 10:52:00 PM
From: donald sew  Read Replies (2) of 58727
 
INDEX UPDATE
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Would like to make an observation on the technicals. Per pure numbers many do not realise that today's gain is actually much larger than most are aware of.

The DOW was actually up 544 points(7.8%) and the NASDAQ was up 135. If one used the ratio of 5:1 to compare the DOW to the NASDAQ, the NASDAQ was up 675 DOW points.

This is a massive technical event from an analytical viewpoint.

Tied into other issues I mentioned in my earlier notes - this is not healthy and nowhere normal.

Now making an subjective comment, I would have prefer that this rally would have come after Greenspans talk, not before.

Please take caution

Good night
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