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

To: HighTech who wrote (50307)	8/20/1998 9:37:00 AM
From: donald sew	Respond to of 58727

INDEX UPDATE - INTRADAY ---------------------------- My previous timeframe for the top before the next large decline was around SEPT 3, and the main reason was because of the month end rally and fibinocci calculations. After more thought I have moved my target date up by 4 days to AUG 27, next THUR. So I am looking at next WED/THU/FRI for the market to turn to the downside. I changed my timing since my cycle analysis is indicating that this next cycle should last 4-6 days and that this will be the the last cycle before a major top. If we close down significantly in the 75-100 point range, I believe that 8750 is the top and we may have one more chance to get back there before next week. If we only close down slightly, less than 50 points, then we could, but not not likely, get as high as 8850 before the top arrives next week. Seeya