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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (41487)4/27/1998 12:37:00 PM
From: Tom Trader  Read Replies (3) of 58727
 
Patrick, I am showing the low on the SPX, as of now, to be at just above its 50dma

My chart shows the 50dma to be at 1079; if the SPX breaks thru this level decisively, I expect that the next level of reasonable support would be at around 1045-1048.

I have placed an order to go flat the S&P futures at 1083+ -- that would be the 45 points from where I entered the trade.
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