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Following in Clyde's keystrokes: Ten year historical probabilities of a
Zone 3 close and zone 3 open(assumed) has the probabilities (77%) of
crossing the keyline to the upside on Thursday and finding resistance in
zone 4 or 5(Clyde's 466 level). A lower probability is dropping to zone 2
or 1(Clyde's 450 level). Cone chart based on implied volatility gives
53.5% probability of reaching 466 and only 10% probability of reaching 450.
BobR
http://www.oextrader.com
At 09:29 PM 1/21/98 -0600, Clyde Lee wrote:
>Attached are two .gif files.
>
>1. Market reverses in first half hour.
>2. Market continues on current path in first half hour.
>
>Amazing what has happened in the past in such
>cases.
>
>Clyde
>
>--
>- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
>Clyde Lee Chairman/CEO (Home of SwingMacine)
>SYTECH Corporation email: <clydelee@xxxxxxx>
>7910 Westglen, Suite 105 Work: (713) 783-9540
>Houston, TX 77063 Fax: (713) 783-1092
>- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
>
>
>Attachment Converted: "c:\eudora\attach\oe3u0121.gif"
>
>Attachment Converted: "c:\eudora\attach\oe3d0121.gif"
>
Attachment Converted: "c:\eudora\attach\oexCP0122.gif"
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