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Strategies & Market Trends : Tech Stock Options

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To: MonsieurGonzo who wrote (51837)	9/8/1998 11:37:00 PM
From: donald sew	Read Replies (1) of 58727

Steve, Agree. Firstly, Asia is slightly down so it is hinting that the CLASS SELL given may be taking ground, and for the time being the futures are slightly down. Since the DOW broke the 8952 resistance, the previous dip at 7496 on Friday becomes the next support line. What has formed is a HIGHER HIGH AND HIGHER HIGH. These are not major ones but should not be discounted either, although they will need confirmation. Agree, that since today was a long white day, todays lows will also become a support, so we now have 3 supports at 7651, then 7496, then 7401. I expect weakness to start tomorrow with Friday to increase in weakness. Seeya

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