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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (32087)	12/30/1997 10:06:00 AM
From: craig crawford	Read Replies (2) of 58727

<< Not sure what you mean by a sucker's rally. Did you mean that it would drop immediately, meaning today? >> I don't have a crystal ball. I can't tell when the market is going to turn. I just know that the rally won't hold up. << Please be more specific in what you mean as a sucker's rally and where you think the top is and why? >> A suckers rally meaning the fundamentals of the tech sector are getting weaker and weaker yet the averages look to be rallying. The Nasdaq showed a gain of 26 points yesterday yet decliners were barely edged out by advancers. New lows on the Nasdaq far outpaced new highs. All I'm saying is the rally looked rather narrow to me which shows that except for a few heavily weighted stocks like MSFT, CSCO, DELL the rest of the market looked to be weak. This means the foundation for techs going forward is weak and I believe we will see the techs move lower. I don't have a target figure set for the Dow or the S&P or the Naz. I watch the action in the stocks I follow and trade accordingly. The Dow could go to the moon for all I care just as long as my techs do what I want.

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