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

To: The Perfect Hedge who wrote (50720)	8/25/1998 10:45:00 PM
From: donald sew	Respond to of 58727

Beeble, I have been negative towards this market for some time, that does not mean that I feel right now that we will be going to the 7000 level immediately. I see at least another retest of the 8300 support line in the next downswing, and the probability of us breaking 8300 is fair to good, better than 50/50, for the immediate forthcoming downswing. If we do break 8300 - that is a bad sign and we will probably break 8000 down the road, not immediately. With a break of 8300 that would produce a lower low. BAD, BAD, BAD My gut is saying that 8000 could possibly hold but my technicals are saying NADA. Frankly, i go with my technicals. Seeya