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At 07:10 PM 10/21/97 EDT, you wrote:
>Based on the work I do with my amoss indicator I will exit my long oex
>call position if the oex goes below 928.68 and the VIX goes above 22.02.
>I would enter into a long oex put position if this happens. I expect this
>to happen tomorrow (wed 10/22)
>
>Good Luck
>Ron McEwan
>
Realtraders,
Based on my short-term charts, the SP Z7 and the general market is now
OVERBOUGHT. If we get an up opening tomorrow, look for opportunities to
initiate short positions or buy puts....This is for a short-term trade!!!
Note, since the low set on Friday, we have NOT formed any symmetrical
wave structures that would be useful in forecasting the magnitude of this
pullback. Using other methods, I suspect a retracement back into the 95800
to 96400 area is possible, at this time.
John Boggio
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