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

To: Darth Trader who wrote (34657)	2/4/1998 10:34:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Darth, The technicals on QNTM is high and it was a CLASS 1 SELL 2 days ago. As you see QNTM is not moving down much which is a good sign. I have the first support line at 23.5, close enough to your 24. I just do not see this pull back being strong for this specific short-term cycle. Right now the DOW is down 65 points and the NAZ is only down 2.44. I would say that this downtrend could last maximum 2 more days until Friday, but feel we should see the bottom tomorrow. I think you are safe with 23.5-24 as your stop-loss. By the way my WFC PUTS are doing fine, WFC is down over 6. Seeya.