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

To: SE who wrote (49372)	8/6/1998 1:54:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Scott, If you take a look at the rebound after the OCT dump, it was far from a smooth move up. After the initial bounce, as we had today, the following days we flat to down than another pop. So you could be correct that tomorrow to be down. That does not mean that there will no continuation of todays bounce, unless of course we revisit todays lows. The bulls and the bears will still struggle a few more days, but if we stay within 1/2 of todays bounce of 185 points (stay above 8450) there still may be continuation, just not a whole lot. If we break 8450 on a closing basis then I will conclude that this specific short-term bounce is over. Many will feel that the bounce is over if we are not up big tomorrow, but that many not neccessarily be the case. Seeya