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Strategies & Market Trends : Tech Stock Options
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To: Patrick Slevin who wrote (44203)6/1/1998 10:55:00 AM
From: donald sew  Read Replies (1) of 58727
 
Hi Patrick,

Intraday prognistication has been increasingly hard. Lost count of how many intraday calls I made on paper and a few trades.

The NAZ will become oversold again and probably a CLASS BUY for tomorrow, but if the DOW indexes also come down tomorrow it would put a delay on the POP, although limited, on the NAZ.

I prefer just to wait for the overall market (most sectors/indexes) to get oversold to go for a very short-term long position.

Patrick, what do you think. Interest rates down again and substantially below the 6% line, I just dont see the market dumping that hard as long as the interest rates are in that range. I also dont see a huge pop. Still sticking to my 8750-9300 trading range.

seeya
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