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Strategies & Market Trends : Tech Stock Options

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To: Esteban who wrote (33907)	1/23/1998 10:16:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) of 58727

Give me a perfect world and boy could I make money.... note how we ended with some upward pressure yesterday...there werent any overnight shocks and we continued up this morning on the SPX yesterday the REACTION never was stronger than the IMPULSE (to a rough eyeball)...thus impulse ruled...I keep thinking of bear vs bull fighting with boxing gloves...the question is ..who is the toughest and willing to bite the ear off... in the absence of intervening market shocks, the nature of supply and demand created at the close will determine the character of the next morning's opening trades. Simple physics describe the reason for this outcome: an object in motion will tend to remain in motion unless met by an intervening force. While gravity itself pulls market momentum toward zero, any trend existing at the close will try to re-assert itself at the following open. I thought your point was interesting about the high and the low all being within a certain time frame..... how does it fit in..well I need my seeing eye dog for that... another one to watch would be CPQ to determine this pattern thing...as it is often the volume leader...

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