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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (34800)2/7/1998 12:33:00 PM
From: peter n matzke  Read Replies (1) of 58727
 
Don, i had similar thoughts on the potential downside of the market.
i have noticed that the market likes to correct 5-10 days before expiration, with the bigger movements tending towards the 10 day area.

the correction is the opposite direction of whatever the previous strong movement has been either up or down.
i was convincing myself that this would happen, so i went net short on friday.

Washington Week in Review might have changed my mind. They stated:
1. even if clinton wanted to attack Iraq, military deployments are approximately 10 days out of proper positioning.
2. the beginning of the olympic games has signaled an international no
flare period.
3. the olympics are historically bullish on the stock market.

atleast my one day bear position hasn't been too expensive.
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