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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (41707)	4/28/1998 3:50:00 PM
From: donald sew	Read Replies (1) of 58727

Lisa, >>> this is that candle chart showing 3 black crows for yesterday but talking about oversold..but is he meaning oversold with a bounce within the three black crows bearish scenario- right? where do you think we will be on this candlestick thing a ma jig today... <<<< He mentioned the possibility of an interim rally. Well from yesterday's low to today's high the DOW regained about 160 points and the NAZ about 37 points. I would think that is a sizable rally, but it did happen very fast. It was done in about 4 hours of trading. If the DOW closes here at negative 15 the candle will be a small black body with a long upper shadow and a smaller lower shadow indicating indecisiveness with a bearish bias. I have to do alot of homework tonight, but I am sensing technical damage done with the the way the DOW/SPX totally retraced and exceeded this mornings strong gap to the upside. Also the NEW HIGH/NEW LOWS look awfully weak, even for the NAZ which is still up 10. Seeya

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