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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (53475)	9/22/1998 7:03:00 AM
From: Jay Scott	Read Replies (2) of 58727

Hey, Don! Like your Dow scenario. I'm using P&F charts for the indexes and they've been very accurate lately. Based on them, I'm also looking for the DJIA to make a run at 8100-8150, especially with carryover from overseas markets this morning. What your cycle analysis manages to add, however, is to allow us to keep one eye out for a change in the recent trend. It's been my experience that the P&F chart patterns only last so long, then the breakouts from those patterns can be devastating. I'll keep my eye on the ball. Thanks! JS

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