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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (50049)	8/17/1998 10:33:00 AM
From: donald sew	Read Replies (1) of 58727

Lisa, Per one of my notes this weekend, I indicated that there are 2 very short-term resistance lines for specifically today. They are the 200 day moving average which is now at 8500 and Friday's intraday high of 8556. If they hold the downtrend is still intact. So far the resistance at 8500 is holding. I was just about to short it when the DOW was around 8480 but the tick was not high enough. I prefer to the see the TICK above 500 and better yet if closer to 800 before I short. Dont know if it will get that high though. Another reason I did not short at that time was that my UP-MO reading was very high at 1.1. We are starting to move up again, so lets see if 8500 holds. seeya

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