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

To: BILL G. WRIGHT who wrote (55941)	10/21/1998 12:35:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Bill, >>>>>>> Historically, the next 5-6 trade days are amongst the most bearish for any year, particularly for the Nasdaq and high tech stocks. If we do get this normal sell-off, then I would expect an important low to be in place about middle of next week. <<<<<<<< Thanks for the info on the seasonality of the nest 5-6 days. I have not changed my position that the TOP/DECLINE should start WED/THUR/FRI of this week. The decline should last 3-5 days which would fit into the middle of next week. Not that the DOW will break todays highs, but I believe, per earlier notes, that the market will bounce up one more time before the bigger decline. I suspect that we should see the up-bounce tomorrow or THUR. This is similar to Favors timing. The reason I am calling for a bounce first is that my technicals gave me a strong hint that the current environment is highly probable for a mini-DOUBLE top. seeya