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Strategies & Market Trends : Tech Stock Options

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To: Cynic 2005 who wrote (48360)	7/24/1998 12:25:00 PM
From: donald sew	Read Replies (2) of 58727

INDEX UPDATE ---------------------- Right now the intraday momentum still has a stronger downside bias with a reading of .87 while the upside momentum is only at .24; however that can change at anytime. If this intraday momentum does not flatten out some this could be another big down day. Still feel that there will be a small limited rally next week before producing clear LOWER HIGHs and then further down. It dont look good for longs. Would suggest longs to strongly consider exiting on a upswing. It actually looks bad. Even though the market was up at the open, the market internals are very poor and appears to continue its weakening trend. Seeya

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