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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (5993)	2/12/1998 9:15:00 PM
From: jmac	Read Replies (2) of 42787

When you wrote this, INTC was around 83 going down to test its 200 day ma. we had a successful test (I hope). So, last week, on Thursday we had a one day reversal to the downside (after the gap was filled). Now, today, we have a one day reversal after INTC hits its 200 day ma. What does it do now? I would opine that the open interest in Feb options at 85 may keep a lid on INTC for the next 6 days. But, maybe, hopefully, I am wrong. I sure wasn't about the DOW.

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