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


To: Tom Trader who wrote (40812)4/22/1998 1:50:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
If I did not agree with you on the implications of the tone of the public....the "Wall of Worry", if you will....I would not be scalping from the long side.

On a break I would be looking to get long as well; 1120 if possible, higher if necessary. But we are not there yet so......

To me, the real issue that should cause a break lays in the court of the Bond/Greenback. I do not believe that negative action in that realm will be ignored for longer than 5 or 10 minutes. Yesterday afternoon got very choppy as the bond weakened late. The market recovered only after the Bond Close.

I agree, we cannot "wish" the market down. We can only trade it as it comes.