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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (56518)	10/27/1998 7:13:00 PM
From: HairBall	Read Replies (1) of 58727

donald: Thanks as usual for the INDEX UPDATE. Well, I think I am beginning to understand Favors speak. Message 6186081 I am licking my wounds before I download the end of day numbers tonight! No losses today, but I could not get fills (borrows) on two short positions that would have made a good finally to a profitable month! Viewing the Intraday Actual Semi-Log 60 Minute Interval Charts, the formations for the SPX and NYA have been negated. While the formations on the Dow Industrials and Transports are still in tack, for now! It will not take much of a move to the down side to negate the Dow Industrials Bull Flag. Looks like 8320/40 is the one-day projection for the lower trend line. I don't see much support in the intraday actual charts until 8100, if the flag fails. I noted that the NAZ is still rising along an arch and the RUT is still above its rising trend line. Tomorrow should be interesting! BWDIK Regards, LG

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