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Strategies & Market Trends : Tech Stock Options
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To: SJS who wrote (49838)8/13/1998 5:25:00 PM
From: donald sew  Read Replies (2) of 58727
 
Lisa,


>>>>>>>>> I think the "big" technical level on the S&P that's really important is 1060. We're still above that one, but fell under it a couple of days ago. We didn't close under it though. 1060 is a very important support point? <<<<<<<<<<<<<<<

1057 on the SPX correlates approximately to the DOW's short-term low of 8362 on AUG 5, and 1054 with the DOW's lows of 8317 of Tuesday.

Many will approximate the support number, but technically it is really now at 1054. If it breaks 1054 that implies on a technical basis - LOWER LOWS.
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