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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (50808)	8/26/1998 7:12:00 PM
From: MonsieurGonzo	Read Replies (1) of 58727

Donald; RE:" heading down big-time " >we are heading down and probably heading down big within days with the liklihood of tomorrow. ...unless it's some sort of climactic-catharsis, I doubt that, ( > 150 DOW points ), Don. Although I agree that the bias changed to down at OEX ~545 shooting star - and it was confirmed today - the market doesn't feel like it has a lot of conviction either way, really. With all the recent sell-offs, I think that more and more BlueChip, index bellwethers are in stronger hands. Banks, brokers... we've got to fix the hole in our NF.X or, we won't have enough legs to stand on. DRG.X and RLX.X is just not enough breadth, without a strong *NYSE Financials Sector*, to sustain Index growth. -Steve

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