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

To: jjs_ynot who wrote (39104)	4/11/1998 3:42:00 PM
From: donald sew	Respond to of 58727

INDEX UPDATE ----------------------------- My technical analysis is more based on time than it is price movement, and I think most have noticed that about 2 weeks ago the the downtrends are getting longer and more frequent. In other words, its act more normal on a technicals basis. I am concluding that we may have already started a range trading trend which could last a few months, at least for one month. For now I see the range at: DOW 8450-9200 SPX 1060-1140 NAZ 1710-1850 The BULL TREND is still intact and there are no signs otherwise so after this range trading period of at least one month, it appears that we can still go higher on a technical basis. We will get better sense of direction once the earnings are over. Seeya