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Strategies & Market Trends : Tech Stock Options

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To: HairBall who wrote (57514)11/16/1998 12:02:00 PM
From: donald sew  Read Replies (2) of 58727
 
LG,

The TICK right now is around NEGATIVE-250 and the DOW up 75. Boy, if a significant buy program steps in today, if this keeps up, the DOW could be up over 100 easily. Im not saying that a strong buy program will come or not, just that if it does with the above senerio is in effect.

NEW HIGHs still low, but the following days after a rate cut is the key.

Per your previous note giving the possible results if the rates are cut or are not cut of UP/FLAT/DOWN - is it possible that regardless of the outcome, then the market will just revert back to a more normal technical type of trading. What I mean is that right now the technicals on a overall basis are giving a mixed signal, for the obvious reason of the rate cut. So once the meeting is over, the technicals may become more accurate again and give less mixed signals.

Seeya
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