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

To: George Mc Geary who wrote (34778)	2/6/1998 4:02:00 PM
From: donald sew	Read Replies (2) \| Respond to of 58727

George, Boy-oh-boy, is this market strong. However, when it does come down, I feel it may come down substantially. As I indicated this morning when the NAZ was lagging the DOW at the time, the NAZ would be the key - if it was to stay low the DOW would not hold up, unfortunately the NAZ spurted wings and flew. When the DOW was up 70 in the morning, the NAZ was only up 3-4 points, now its up 14.22. It may be possible that the NAZ may test the highs of 1701 yesterday on Monday. If the 1701 line holds, that could be the beginning of a pullback, but you never know. The technicals are back up again after todays performance, and without my charts updated yet I would guess the BUY-IN DAY for PUTs again should be Tue/Wed. That would fall right in line with the possible arbitrage situation for expiration week and the 3 day weekend. Seeya