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Strategies & Market Trends : Tech Stock Options
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To: jjs_ynot who wrote (41162)4/24/1998 11:01:00 AM
From: donald sew  Read Replies (2) of 58727
 
Dave,

The NAZ was up over 10 and now is only up 2.13. There will be more buy on the dip attempts and the likihood for the short-term is that they will fail. As the failures increase the momentum to the downside will increase, and that can actually be seen on a technical basis on a 15 minute chart, as the HIGHS & LOWS get lower.

On a subjective basis, have not figure out how to analyse it technically, - if these attempts of dip buying continue to fail one of intraday dips will be the beginning of a bigger dip.

Seeya
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