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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (31221)	12/15/1997 12:30:00 PM
From: Muizz M. Kheraj	Read Replies (3) of 58727

OK... As I had expected, we have continued our rally and bounce off the 7785 area on the DOW. The Nasdaq will soon join this rally, either later today or tomorrow and support the DOW's climb back above 8000. We are at the bottom of the NASDAQ's 3 month trading range. A break below this level and subsequent break below 1500 (200-day Nasdaq moving average) will be extremely significant and EXTREMELY bearish if it happens. I do not expect this to occur. Muizz Currently long Intel Dec 70 Calls (picked up this morning at 2 1/4)

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