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

To: The Perfect Hedge who wrote (30815)	12/10/1997 2:50:00 PM
From: donald sew	Respond to of 58727

Glen, The OSX and the XOI(oils) are amongst the strongest indexes relatively speaking. I don't see weakness, just strength. I guess what you mean is that it is down today as everything else is. Please keep in mind that it ran up about 18 points from its lows and now has retraced about 5 points. Thats not too bad, and is actually showing strenght in a down market. I realize that on a percentage basis, since it is a 100 point index the dip today is large, but I feel the better judge of that is what is this pullback compared to the recent runup. Taking that position, for the OSX to get into the 130 range of course the DOW also needs to move up some. So far Im still holding, with my support lines at 120 and 116(key support). Seeya