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

To: Tom Trader who wrote (41001)	4/23/1998 1:35:00 PM
From: j g cordes	Read Replies (3) \| Respond to of 58727

Long OEWQI at 9 1/4 Tom, I just looked back over a daily of the dow average.. do you realize we've gone from 7500 to 9200 in four months with little more than a sneeze! A 1/3rd retracement would be about 560 dow points, a 1/4 retrace of this move would be 425 points, a 1/5 retrace would be 340 points.. more reasonable, which equals dow average 8860 area. 8860 would just be a 1/5th retrace of the gains since the low of early January. This market is so conditioned on buying the dips being down 25points looks like a bargain.. anyone know how much we'd be down without PG, IBM and DIS?