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Strategies & Market Trends : Tech Stock Options

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To: epicure who wrote (57938)	11/22/1998 3:26:00 PM
From: donald sew	Read Replies (1) of 58727

X I think CCL could go up a bit more. I would not enter it unless I saw a double top at 35, but if it exceeds 35 then it would not be a double top and could head higher. I am expecting a double top for various technical reasons. CCL is moving up on declining volume and normally smaller trades. Small downswings are on increasing volume, and block trades. Can CCL move up on just momentum, of course and thats why Im waiting for some stalling pattern around 35. CCL is also a very predictable stock, which many good fundamental stocks are. In comparison the INTERNUTS do not have good finite fundamentals which is a possible reason for their unpredicatability. I do not use one indicator, but am very familiar with the STOCHASTICS, probably most familiar with it, and they now indicate overbought even the weekly. Interesting that Jenna says that the stochastics looks bullish. To me it appears to be topping. seeya

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