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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 695.40

+0.5%

4:00 PM EST

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To: Jenna who wrote (17720)	9/1/1998 8:57:00 PM
From: j g cordes	Read Replies (1) of 70363

Yes Jenna and I'm pleased as punch since I got in near the lows.. its still missing any significant upgrades on valuation but I'll just have to hold on for awhile. How'd you do today? Sometimes I wonder why I don't luck out and buy a call or put at a 1/4 and end up selling it at 12 or 16... which was possible over the last month. Just never thought it could happen so fast or so far.. <g> Normally a dive like Monday will retrace about half then work with half of that again. Tomorrow we could have a 210 point intraday swing.. I'd guess without any news spoiling the soup, we'll be up for a rebuff at 8006, then close +- the 7960-80 area.. we could also be down 50 briefly intraday. Projections... what's it matter until the action starts, they're just parenthesies to compare with developing realities. See you tomorrow... time for a beer and some fresh peaches over vanila ice cream. Jim

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