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

To: Clint E. who wrote (15898)	5/8/1998 11:24:00 AM
From: giddy guru	Read Replies (1) \| Respond to of 68093

//gg// Clint, Used this pop to reduce my exposure. Cleaned up OEX, MSFT and HD calls. Any quick euphoria or pessimism won't last too long. Market may reverse late today or next week. Let's watch. /gg/

To: Clint E. who wrote (15898)	5/8/1998 1:12:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 68093

Clint, I've been watching the bond.. it went to 59.42.. if we drop lower then we're going up on a short covering. You're right, what we're seeing is relief rally, not new positions for much higher profits... yet! The other key besides bonds is MSFT. Its a win/win either way here.. if they get broken up the stocks worth 120.. if they come to an agreement on Win98 then they go back up to 95 taking the tech sector up with its own relief rally from all those who were on stage with Bill at the Big Shoe.