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

To: kiwi who wrote (34605)	2/3/1998 1:38:00 PM
From: donald sew	Read Replies (2) \| Respond to of 58727

Kiwi, The technicals on WFC are extremely high and are a CLASS 1 SELL to get in today. The 10 Moving Average is at 309 and the 20 day is at 313. I checked the charts carefully on WFC and when the price is greater than 10 points over the 10 day MA, it normally returns to at least the 10 day MA within 5 days if not sooner. You, know me - Im always early by a day, sometimes it works and sometimes it doesnt. But if it works on the early side, I get the benefit of the lower premiums on the options. By the way, although it is still in positive territory, the NAZ is substantially off its high. Its in the 4 range and the high was over 10. Hope that is not the extent of the NAZ's pullback, in light of my PUTS. Wish me luck, Seeya