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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (33078)	1/13/1998 10:02:00 PM
From: j g cordes	Read Replies (2) of 58727

Don, my good friend, I understand the technical delayed dip concept quite well but find the term tdd awkward. It makes me think of a stuttering snowcone or a samba move, which is a self criticism not one for you. A double bottom, while accurate, dosen't quite cover the concept because a tdd can occur without the pattern being a bottom... just a rebound to re-establish trend, or to reverse trend.. a micro look at a pattern. Can we call it a TDD or something else, please, I keep seeing sprinkles and dancers... probably shouldn't write here after enjoying a fine wine either. Yesterdays longs, taken very near the lows have done quite well.. I'll be exiting tomorrow unless we are up over fifty dow points and strong on the naz.. then Thurs could have some follow through.. if not, then there isn't enough umph (energy) to take high probability long option positions into the expiration as premium umph will be venting quickly. Trying to figure a way to play chess.. by email? Keep up the good work. Jim

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