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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (46382)	6/19/1998 3:29:00 PM
From: Kevin	Read Replies (2) of 58727

>>> keep us informed because what I am hearing from you is different than in the past few weeks <<< You're right. Last few weeks I kept telling you that I felt any sell-off was an opp to buy with an SPX target @ 1120. MF was supporting that level and the short rallies back to that level. Recently, MF stopped supporting all rallies. In fact I've been seeing a considerable amount of negative MF which is starting to create a downside divergence. My MF targets range from 1073-1082 right now. >>> so that you are talking a correction more in line with OCT???<<< Possibly, but we're in the early stages. >>>even if it is not all in one day... or do you just mean a small correction to 1080 which is really in line with your trading range that you have been talking about... <<< No this is different than just that range I was talking about. Basically the direction of MF did a 180. If it stays this way, things could get ugly IMO. Hasta.

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