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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (42124)5/4/1998 1:13:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
Going through last week's action and the negativity of analysts it seems like the safe side is the long side for a few days at least.

I would not be surprised if the spoos close today at record highs....just my thoughts.

In any event; my guess is that as long as the Dow Transports, Utilities and the bond hold up the near to mid-term picture should be a steady rise in the broad market.

I bought my normal limit of contracts about an hour ago and sold half a few minutes ago. Have you a current reversal stop? My off-the-cuff guess would be around 1123 basis the SP8M.
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