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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (40754)	4/22/1998 10:37:00 AM
From: Stoctrash	Read Replies (1) of 58727

SRV short term view.. SPX/NYSE SRV actually has been correcting the last few days down to ~ the 8 level, so we do have room on the upside, if the market wants to continue. (20 - 30 level is where you look for tops) Nasdaq SRV is 30ish...so we are close to a ST top here...but wouldn't fight the trend till I see some sort of reversal on an intraday basis...btw...lots of fat blocks flowing at INTC today could be another reason NOT to sell or get short here. Lots of MO IMO. P*stops are long on the hourlys..SPX just got long an hour ago. OEX has been long, NDX has been long.

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