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

To: j g cordes who wrote (41175)	4/24/1998 12:48:00 PM
From: donald sew	Respond to of 58727

INDEX UPDATE ------------------- The NAZ is down 7 points but many of the NAZ indexes like the NDX, MSH, IIX, CWX, XCI are up. That is hinting that the the lower tier NAZ stocks are declining at a faster rate. That is a slight technical sign of strenght for the interim and also hinting that the buy on dip mentality is still out there. This is not to say that this pullback is over, just for discussion and to watch the development of this pullback. If today does not show any strength, then Monday we may have a temporary pop. I have also noticed that the last 1-2 days of a pullback are normally the strongest in the downward movement. I have also noticed per my Guitar, that when all the indexes are down huge at the same time, such is normally the time that we should rebound to the upside. This pullback is still intact. Seeya