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RealTraders,
Doctor OEX graciously provided updates on
parameters which can can considered if contemplating a trade on the US
stockmarket
at this time. My Nature's Pulse indicated an
energy point on both the VIX and the cash
SP500 for 1/18/98 -- splitting hairs between
friday's close and tuesday's open.
Pricewise, on the VIX, the move down from
the high of 1/12/98 is 162% of the first alternate
price projection of the move from the high of
12/26/97 to the low of 1/5/98.
Looking at the cash SP500, friday's high was
nearing a 0.786 retracement of the move from
the high of 1/5/98 to the low of 1/12/98.
It looks like once again "Past is Prologue",
and investors who buy diamonds in the January
after Christmas sale will be disappointed with
their purchases. Do you remember the market
performance after the last DJIA product
introduction?
Temporally,
Rory Lewellen RL2946@xxxxxxx
>>
The DOCTOR wrote:
Over 1.2 Million traded CBOE on Expiration Friday.....VIX calculated as
loow as 20% closed in the 22% area. Over 900,000 of what traded at CBOE
today came from equity option.
The Diamond begins trading at the Amex on Tuesday..the Diamond(DIA)is
the Dow Jones equiv of the Spyder.
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