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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (37153)3/23/1998 6:30:00 AM
From: donald sew  Read Replies (1) of 58727
 
Hi Patrick,

The OIL stocks should be popping today, and since 10% of the DOW is OIL (3 XOI components in DOW), this would keep the DOW 30 from dropping too much, and may even keep the DOW flat for today.
Therefore the DOW may not give the true story of how the overall market is really doing.

Here are the KEYs I will watching:
1) advance/decline ratio
2) new high/new low ratio
3) how the NAZ and RUT respond
4) INTEREST RATES and CRB
5) Hot indexes like the DRG/RETAIL - how they hold up

I believe this week will be weak and then the END-OF-MONTH rally to the 2nd week of April, at which time the actual earnings and interest rates will determine if the market will continue up more or start the decline.

Seeya
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