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

To: Lee who wrote (47490)	7/9/1998 12:16:00 PM
From: Patrick Slevin	Respond to of 58727

They really have been tracking pretty closely. Earlier today I was hesitant about the long side because the Oils and Banks were lagging the motion in the spoo (SP8U). So the spoo rally had a collar on it. If the Banks did not reverse the spoo would have probably weakened I think. The Banks are recovering though, so I'm holding long hoping for a momentum based breakout through 1181 basis the SP8U. The utilities and Oils still have me expressing doubt over the longevity of such a breakout though. Guess we have to wait. The rate issue really is interesting. I do have to gather some other opinions on it.