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Strategies & Market Trends : Tech Stock Options

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To: David Weis who wrote (37047)	3/20/1998 10:10:00 AM
From: donald sew	Read Replies (1) of 58727

INDEX UPDATE --------------------- The market opened nicely this morning, but right now the DOW is still up 40 but the NAZ has dropped and now is only up 13 cents. Technically the topping out process has begun. I dont want to confuse the matter but what I mean is that the market can still go up but the incline will start slowing down. I am still holding with the top of DOW 8888, and SPX 1100 for the short-term only. After a pullback it will continue up, and that the weak period should should start next week. It should take the form of increased volitility in both directions, but when looking at next week on a weekly chart, it may just appear somewhat flat. I believe the chart formmation of this topping out process will take the form of a ROUNDING TOP chart, with the top around the 2nd week of APRIL. Seeya

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