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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (42998)5/12/1998 10:03:00 AM
From: donald sew  Read Replies (2) of 58727
 
Tom,

Thanks for your nice comments.

Im hoping for a chance to get a small OEX MAY PUT position, but I wont get in unless it is positive. For now feel the DOW still has a chance to get to UP 25-40 but will close down for the day.

Since the technicals are already near oversold(lower mid-range), feel the downside will be limited unless the economic/other news, this week, worsen.

Right now there is a balanced divergence with the DOW indexes up slightly and the HiTech indexes down slightly more, therefore I am still sticking to my position that intraday the DOW should go positive in the 25-40 range temporarily

Seeya

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