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

To: Snowshoe who wrote (28816)	11/19/1997 7:37:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Greg, Nancy Greg thanks alot for the chart. Ok, here's the run-down on the OSX. I am suspecting that right now (yesterday's close) it is is doing a TECHNICAL DELAYED DIP, and could reverse from here. I am getting mixed signals for reversal, exactly from this point as indicated below, so there is a slight chance that it could dip just a bit more, and I'm calculating 114 as the bottom which is only about 7 points away. The support line at 120/118 actually should hold. MACD - at maximum divergence = reversal WILLIAMS - oversold STOCHASTIC - can go lower BOLLINGER BANDS - riding lower BB, and pushing it down further DMI - no DMI available RSI - could go lower SUPPORT LINES - 120/118(MEDIUM STRENGTH), 114(VERY STRONG) I am now considering getting in. Have to check option prices, etc.