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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Jay k. who wrote (28407)	11/14/1997 12:09:00 PM
From: Tom Trader	Respond to of 58727

Hi Jay--thanks for posting I agree that sentiment has turned nicely--if you follow my postings, you will know that is one of the things that I felt was imperative for a decent bottom to be established. Please read my posting to OJ for related comments regarding this. Also watch II's bullish/bearish consensus--at good bottoms, the bears exceed the bulls and the bull are in the low 30% range. I am looking for one more downdraft--which may end up being a reversal day. Could occur in conjunction with an attack on Iraq and a spike in the oil futures. I think for anyone with a longer term perspective, this is a fantastic buying opportunity for quality stocks. As far as my system is concerned, as you know about half the trades are losers--what I do know is that if one follows every signal without exception one will make a healthy profit--at least that is what has happened in the past few years. The tough part is following the signal and putting ones own opinions aside -- even tougher to follow the system when one has successive losing trades. Regards