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Strategies & Market Trends : Tech Stock Options

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To: Art C. who wrote (29765)	12/1/1997 1:31:00 PM
From: Greg R	Read Replies (1) of 58727

Art - You're right. Frankly, what this indicates for the markets scares me. Last Wedesday IBM went over the Upper-Boundary at the point permitted by a Stifled BULL set (page 5-17 in your guide). Everything else is taking stifled bear-sets and this stock goes in the opposite direction! What confuses me is that the DOW chart is being followed quite nicely. Even today. The DOW does NOT support a run away bull, so something is wrong with this picture somewhere unless IBM can go straight up while the DOW doesn't. I want to study this turn of events further. Although Inpathique permits IBM to take such a path, it certainly is not normal, and frankly I do not want to believe it. The consequences would lead to a 40 to 50% correction. As a result, I temporarily have no position in IBM. Greg

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