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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (15886)	5/7/1998 2:49:00 PM
From: Clint E.	Respond to of 68070

Suresh, I was watching both this morning and I hardly saw any block selling. On NAZ, I am still waiting. If we close terrible and have good numbers tomorrow, we should rally. They are shaking it out now. Fasten your belt...Better yet, keep your money in your pocket! I may nibble before the close. Clint

To: Suresh who wrote (15886)	5/7/1998 7:22:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 68070

Well Suresh. I kept my CCI & BAC but didn't dare to nibble on anything else at the end. LSCC looks stable so I kept it. TLAB is stubborn but it will come down soon. This was the worse sell off that we had since last week. However, Equity call vol was 384K to 161k in put vol. Need to wait until tomorrow to see what the net effect on OI was. Once we get a whole bunch of put buyers, we should be getting ready to reverse. Bob is a master of tracking EPC and analyzing it. Let's see how the numbers are tomorrow. If good, we should see a relief rally but I think you may be right in saying that it will be short-lived. We know we are going to open with a gap. The question is which way and when to reverse, if any. I will look at my stocks and come up with a list for tomorrow, long and short. Should be a fun day. Going home; Clint