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

To: ViperChick Secret Agent 006.9 who wrote (32426)	1/7/1998 4:45:00 PM
From: donald sew	Read Replies (2) \| Respond to of 58727

Lisa, We should approach the 8000 level, but if the HiTechers kick in and start moving up with strength again, then we may hit 8100+, then back down to the 7900 range, which will be the APEX of the triangle. The fundamentals/news will then decide which way we go, and you know I am not a fundamentalist. Believe me, I can very easily screw up fundammentals >>>ggg<<<. If I am correct the APEX of the triangle should occur by the end of next week. I have no clue as to the direction of the surge after the APEX since it is normally fundamentals/news motivated. If I get more confirmation that the triangle is forming, I think the best strategy in this market is to do a STRANGLE, and I would do it with a broad base index like the DJX/OEX. Nothing is a certainee in this market, but without hesitation I would say that we definitly have volitility which is great for us traders and will be good for a strangle strategy. Seeya