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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (29608)	11/26/1997 9:26:00 AM
From: MonsieurGonzo	Read Replies (1) of 58727

Kevin; RE:" Reading the Tea Leaves..." SPX being driven by INDU. INDU UpTrend still intact, support is formidable at DJIA 7740 area. DJIA ~7840 is an area of mild resistance; DJIA 7880~7890 is heavy resistance. Yesterday's SPX Candlestick was a Spinning Top ( neutral, as in "Whipsaw" :-). Yesterday's OEX Candlestick was a near-Doji, indicating "indecision", but also indicating tht the Bullz had met the Bearz head-on, which had greater significance than normal because the OEX did not go down after -5% drop in NIKKEI. The trend is UP. Today is pre-holiday. Happy trails. -Steve

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