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

To: SE who wrote (41924)	4/30/1998 9:58:00 AM
From: donald sew	Respond to of 58727

Scott, Per my short-term technicals, per yesterday's data we are still near the oversold range, so just on a technical basis there is still plenty of upside. Also, statiscally, there is the month end rally which has a very high success rate. Therefore feel that we could test the highs at 9200 by next week or even this week. I also think that this up cycle will last thru most of next week, with quite a few girations, then the following week, earliest end of next week, we should start seeing the beginning of another downtrend which may be larger in scale than this past one. We are having a strong pop this morning with the DOW up 119, already, so I do belive that there will be a selloff to start very soon, that sould be the time to go long for a short-term trade, if the selloff is strong enough. Seeya