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Strategies & Market Trends : Tech Stock Options
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To: kiwi who wrote (32247)1/5/1998 1:00:00 PM
From: donald sew  Read Replies (2) of 58727
 
Kiwi,

Good job, with today's overall market performance, it looks like my technicals will be giving some CLASS 1 SELLS, maybe as early as tomorrow.

Right now the DOW is up 28 and the NASDAQ is up almost 20 which is far leading the DOW to the upside. Are we going to a have a reverse situation where the DOW will pull down the NAZ. Its been the other away around for a long time.

Kiwi, the lagging manor of the DOW is hinting that the DOW is topping out. Once the NAZ becomes a CLASS 1 SELL feel that there will be an interim pullback. I realise that the NAZ has been beaten up a whole lot, but for example the SOX right now is approximately 17% above its recent bottom. If the SOX gets in the 290-300 range then I think it is still a playable PUT candidate.

Any PUT ideas.
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