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

To: George Mc Geary who wrote (34674)	2/4/1998 2:31:00 PM
From: donald sew	Read Replies (7) \| Respond to of 58727

George, This market is screwy. As for the XAL, I am taking the clue from the OSX that the market feels that crude has bottomed and once that starts moving up the XAL should drop more. All the earnings are out for the XAL, so there should not be much to hold the XAL up. George, I also got WFC PUTS which I may just close out of them if the market does not show weaknes at the end of the day, but will hold the OSX Calls and XAL PUTS. Im not convinced that the market will continue to zoom up, but for my positions (XAL & OSX) may be more influenced by the price of CRUDE than the overall market. I also noticed that some of the high profile stocks like MSFT are moving up on light volume, which is at times a topping out signal. Seeya