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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (58224)	12/2/1998 7:39:00 PM
From: stockycd	Read Replies (1) of 58727

All, A couple reasons why I think this rally is for real and is not over by a "long" shot. Dow Transports: The last couple of days has showed strength and has created a short term trend line starting at the 11/12/98 dip. If the transports do not drop to the 2960 range, that would be bullish. Gold is heading lower, lower, lower. Not that it's a clear indicator but when the October crash started, gold was peaking on a uptrend. The dollar is improving against the Mark. Any drop of the INDU below 8855 would be bearish. Looks as though this selloff may be losing strength. Any other thoughts. Chris

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