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

To: Patrick Slevin who wrote (40754)4/22/1998 10:37:00 AM
From: Stoctrash  Read Replies (1) | Respond to of 58727
 
SRV short term view..

SPX/NYSE SRV actually has been correcting the last few days down to ~ the 8 level, so we do have room on the upside, if the market wants to continue. (20 - 30 level is where you look for tops)

Nasdaq SRV is 30ish...so we are close to a ST top here...but wouldn't fight the trend till I see some sort of reversal on an intraday basis...btw...lots of fat blocks flowing at INTC today could be another reason NOT to sell or get short here. Lots of MO IMO.

P*stops are long on the hourlys..SPX just got long an hour ago.
OEX has been long, NDX has been long.



To: Patrick Slevin who wrote (40754)4/22/1998 11:32:00 AM
From: joe smith  Read Replies (1) | Respond to of 58727
 
patrick,

corrections sure are short these days. that must have lasted ten minutes. this market is a stud. dow is going to break its two day lower trend line by noon unles it goes up soon. wow! a rhyme.

boy what i wouldn't give for a couple day sell off at this point. go DOW(N) industrial average.

where and when are you guys going to meet for golf?

js


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