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

To: donald sew who wrote (34397)	1/28/1998 9:33:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Don, thanks.. have been looking at the news tonight. That item was prominent along with a new DSL chip from TXN which got that stock's attention. Its interesting to me how quickly the market put the Clinton problem on the back burner... even though if he were to step down there wouldn't be more than a week of sideways trading before normal wave forms (for lack of a better quick phrase) once again started taking hold. The long term momentum on the Sp500 is as low as it was mid-96.. while the relative strength is poor and the stochastics are neutral. We could pop to a 1000 over the next five days to complete this cycle. If it dosen't hold there it would be healthy to fall back.. that's where I'll be looking to try some puts. Looking at good news stocks that aren't responding. Jim