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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (41664)	4/28/1998 1:39:00 PM
From: j g cordes	Read Replies (1) of 58727

Makes sense to me Don.. two points just off the top of my head, each of these seem equally strong at the moment on my chart and depend on bonds. Since bonds are on hold until the next fed meeting the market is stuck between these two scenarios A. if we are continuing up then we've hit the bottom of the Jan-Apr channel and bounced, consolidate and run into the first part of May then go flat as bonds back down. B. if we have turned down then we've hit the bottom of the Jan-Apr channel, bounce to mid point and continue down to 8750- area with a sharper runup in bonds to 6.22 area Jim

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