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Am agreeing with Clyde's view and not presenting a contrary one. I would
like to point out that the Swing Machine projection is within the realm of
probability in that weak days see a +,- 0.5 std dev move and strong days
see a +1 std dev move. Crash mode days see a -2 std dev move. What we
have for Tuesday is a narrowing of the Classical pivots about the Keyline.
If you ever wondered why there is so much attention focused on narrow range
days, it is because pivot traders have buy orders sitting above the pivot
lines. Once they are crossed and enter a zone with little resistance the
index can go sailing upward. Say for example we enter zone 6 which is only
4.1 points above the Keyline and the resistance is only 29%, then we could
see more points gained beyond that due to the avalanche of buy orders.
Both the classical and statistical pivots for Tuesday are attached.
BobR
http://www.oextrader.com
At 10:36 PM 1/26/98 -0600, Clyde Lee wrote:
>Traders,
>
>The attached DAILY OEX analysis shows promice.
>If the open tomorrow is flat to down and if the longer
>leg holds then there is a pretty good profit to be made.
>
>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\oeda0126.gif"
>
Attachment Converted: "c:\eudora\attach\oexP0127.gif"
Attachment Converted: "c:\eudora\attach\oexCP0127.gif"
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