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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (34955)	2/12/1998 10:38:00 AM
From: donald sew	Read Replies (1) of 58727

INDEX UPDATE ---------------------------------- For those playing PUTS, please do not expect a huge decline. Not that my system is so accurate with price targets, but I give my targets. For those who got the DJX calls yesterday, they should be profitable by near the close tomorrow if not today. This is time to CHICKEN TRADE soon. If the DOW gets to the 8150-8200 range on just a intraday basis by tomorrow, I will be selling at least 1/2 of my positions, if not all with a slight gain. Do not get discouraged if today closes flat since it will still be a reversal confirmation signal, but if it closes up more than 25-30 points then thats the time to start worrying a little. Please keep in mind that this is a very strong market and we are bucking the trend going after a little ripple. Remember, the old saying - dont buck the trend, so this is definitely the time not to get greedy. I will try to get back after lunch, and give an update on my new LUNCH-TIME indicator which is used to determined how the end of the day will turn out. It is still in the test stages, but has had good results over the last few weeks. Seeya

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