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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (43151)5/13/1998 4:19:00 PM
From: jjs_ynot  Read Replies (1) of 58727
 
Don,

I see the past peaks (of SPX) as 4/25, 5/4, 5/11, 5/13. I am expecting something of a downturn early tomorrow. There is a lot of nervousness due to news. Asia is imploding however the effect on US seems muted and labor costs are starting to really get some traction and take off.

AG has had the obligatory visit with the Pres. before a rate hike. I am being very careful over the next several days and confining my activity to very short term trades since the peaks and troughs appear to be a day or two apart at most. I think you will see a big move one way or the other if a clear indication of interest rate direction becomes apparent. PPI tomorrow AM may or may not provide that insight.

Dave
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