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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (14687)	8/18/1998 6:17:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 42787

Dennis- Dell is trading at 116 after hours....I hope for a huge gap up(I have calls) but I agree we're going down hard soon... B

To: dennis michael patterson who wrote (14687)	8/18/1998 6:23:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 42787

I am still seeing some good signs in the market though I agree with your call that we will soon resume our fall. I finished all my charts and there was good volume on the advancers and the breadth of the advancers was improved over yesterday. There may still be a few more days left in this although I believe it is also a product of market making (read manipulation). I was looking at the call and puts that were going to expire this week and if the market would have stayed down like last week, the big boys were going to have to pay out big for all the puts on the OEX and SPX. There is a huge number of puts below us and not near as many calls. I think they will let us sit here until Friday within a controlled range. Next week it will be open season again. <ggg> Of course CNBC and the rags will say this was all due to Clinton coming clean, improved outlooks of Asia yadda yadda yadda until it tanks again.