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The OEX classical pivots are in a narrow configuration also facilitating
the running of stops as John mentioned on the spx. The redline on the cone
chart is a one standard deviation move based on implied volatility and is
what should be expected for a one day move without getting too greedy.
That would be to zone 6 on the oexCP chart. The OEX could easily break out
above zone 6 in a run-a-way fashion.
BobR
http://www.oextrader.com
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