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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (40356)4/20/1998 8:46:00 AM
From: donald sew  Read Replies (3) of 58727
 
Patrick,

Just check the GLOBEX futures on the NDX and it is down 590 so looking weak, and weaker than the S&P.

Hey on Friday the futures were down hard (THUR evening) and we were up strong. Maybe it would be better for PUTs if the futures were up. gggggggggggggggg.

On a more serious note. there are so many double top formations developing. Unless the market is up strong again, feel that today will continue the decline that started last Thursday, and should last 3-4 days in total, therefore ending Wed. I still have the cycle at 3-4 days, so if we count Thurs, then it could end today or tomorrow, but if today is the first day then the weakness to end Wed/THUR.

Frankly feel it will be more than just a 1 day dip.

Seeya
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