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Strategies & Market Trends : Tech Stock Options
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To: AlanH who wrote (50276)8/19/1998 4:47:00 PM
From: Saulamanca  Read Replies (1) of 58727
 
<<Any decline below 8663 on a print basis will signal some further pullback. One thing is very clear is that if the Dow breaks 8263 intraday anytime from here on the secondary rally will be over and the next major wave down will be underway.>>

That selloff sure felt worse than the indices say. One thing for sure the 1106 area is strong short term resistance. It bounce off hard twice today.

...National Semiconductor Corp. (NSM) 12 13/16 -1 3/8: maker of semiconductor products and
microprocessors is warning that it expects first half sales to be down between 8% and 10% from Q4 level;
anticipates a loss in both quarters; according to First Call, NSM was already projected to lose $0.39 a share in
Q1 after losing $0.42 a share in Q4.....

--Jim
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