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


To: Patrick Slevin who wrote (35268)2/20/1998 11:15:00 AM
From: donald sew  Read Replies (1) | Respond to of 58727
 
INDEX UPDATE
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Noticed something yesterday and today. The NAZ was extremely strong yesterday in light of the DOW being down substantially. However, noticed that mainly the big stocks were the ones which were up with any strength.

As for this morning, most of the NAZ were either flat of slightly down while the NAZ was still up. The only NAZ index that was up strong was the NDX, the top 100 NAZ stocks, basicly. The strength in the NAZ is very narrow. Also noticed that the RUT is down which is broader based.

I am not saying that we will have a huge pullback, just that there should be a bit more pulling back. But we all realise that in this heated market we could pop up at anytime.

Seeya