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Strategies & Market Trends : Tech Stock Options
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To: SE who wrote (47180)7/1/1998 3:07:00 PM
From: WBendus  Read Replies (2) of 58727
 
Looks like there may be an intraday head and shoulders pattern forming in the Spoos and the DOW. Neckline on the Spoos is at 1143 and 8950 on the DOW. Measuring lines give us a downside on the Spoos of about 1127 and 8825 on the DOW. A look at a 30 or 45 minute chart reveals the pattern. Considering that there has been such an explosive rally off the lows, I expect that we will at least hit the neckline.

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Wayde.
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