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According to the Option Premium Ratio available in IBD and following Chris
Chadbury's technique of OPR pattern analysis we have the following
analysis. A fall in the OPR from 0.49 to 0.47 yesterday implied a -4% drop
in 6 to 11 days. A fall in premium ratio to the .3X's would start
generating buys.
So far the OEX is honking along in zone S3,S4 on the pivot chart.
BobR
http://www.oextrader.com
Attachment Converted: "c:\eudora\attach\OEX pvts1.gif"
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