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Strategies & Market Trends : Tech Stock Options

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To: The Jedi who wrote (48382)	7/24/1998 1:40:00 PM
From: Patrick Slevin	Read Replies (1) of 58727

I was not saying you were incorrect. Something I read by Mark Cook had the exact same scenario that you put forth. Hank is of a mind that the TICK can sneak up and bite you in the rear end. Actually, with it cresting -1400 earlier he may have a point. His opinion was that the week should have a similar pattern to this one. So that would imply to me that the highs would be Monday and the lows Friday. Using Delta-type patterns, that seems very feasible. One technique Hank uses is a Delta variation so I imagine that is what he means. Looking at others like Cook and Inger, they have a bounce into Tuesday and then down. Whatever. All three look for lower prices by the end of the week. McMillan is waiting patiently for a buy signal but believes it may take some time. The E-Wavers say down. That's it from the news desk.

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