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

To: the options strategist who wrote (15439)	9/3/1998 9:42:00 PM
From: jef saunders	Respond to of 42787

Jen, we are following a VERY steep down trendline on the spx...we were right at resistance when we started the day, and it never went up. if the trend line holds tomorrow, we can't go up more than 30 or 40 dow points. else, the next move up can go to 7810 or 7870. but that's assuming there's still an "up" move left, i think we're going down hard very soon...i'd have at least 1/3rd of your oex puts tommorrow. they could be a lot more expensive after labor day. i have 4 of them now, buying more tomorrow. jef