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

To: Jerry Olson who wrote (30317)	12/4/1997 2:24:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Couple of things Jerry... not very mechanical though. 1. Japan down overnight 2. Europe up for the most part, seems to be their rally not ours 3. The bonds should have triggered a better run than up 70 4. so I looked at the mix, techs were down, only banks and drugs up signifcantly, which is not a confidence builder... guys with suspenders taking Prozac is a house of cards, although that's changed a little since then. 5. drawing a quick line across the oex tops I got a projected high of 471.5 so it seemed like a good place to falter. 6. we're getting a rebound now and the techs have gotten less negative so I'm not sure if I should get out now 7. will see what happens after bonds close, the runup has hit resistance at a little double top (472.50 area) which is spooky to the pit traders going into heavy numbers tomorrow they'll want confidence that 464-465 holds.. looking to be up 20-30 on close with a quick dip to +15 where I'm gettin out.