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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (42221)5/5/1998 10:54:00 AM
From: donald sew  Read Replies (1) of 58727
 
Lisa,

I was getting a tad nervous when the DOW was moving up to only negative 9. However at that time thhe NAZ was actually dropping and the advance/decline at the time was still strongly in favor of the declines. The VIX was up almost a point and the interest rates were still up. So I stayed in with my OEX PUTS.

I feel that my short-term technicals were to too high and needs to get back into the mid-range before moving back up, so I still feel we could continue down into tomorrow, and then up Thur slightly awaiting Friday employment numbers.

If the employment numbers are good the market will probably run up hard for 3-5 days into expiration.

Seeya
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