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

To: tony sidhu who wrote (28968)	11/20/1997 12:50:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 58727

>>TT the SPX is upto 958 now what!! Tony-- you are probably referring to my posting that I was going to exit at 958. I was referring to the futures--not the cash index--and I exited the futures earlier this moring. The 958 level was for me a profit target--does not mean any more than that. I think that the 920-922 level on the OEX should offer strong resistance on the upside -- but to buy puts would be trading against the trend. I am tempted to give it a shot just for a scalp -- but not sure that I will do it. Hope this clarifies matters