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OEX 707.83 is my current target level for today.
BobR
At 02:52 PM 7/20/1999 -0400, G.John Boggio wrote:
>Realtraders,
>
> Attached is a 15 min chart of the OEX. My short term work is indicating
>that we are fast approaching a support zone in the market. This analysis
>is based on symmetry wave of previous declines (see parallel white lines on
>chart), as well as Fibonacci support in the 710 area. Finally, take a look
>at the 14 period RSI, it too is looking for a temporary bottom from these
>levels.
>
> Going forward, look for a bounce over the next few hours. I expect
>resistance between 716 - 719 followed by another retest of the 710 level.
>This retest very well could fail but should be contained with a SHORT-TERM
>worst case scenario of approximately the 690-700 level on the OEX.
>
>Food for thought,
>John Boggio
>PS Please note, this is a short term analysis and should be valued
>accordingly. This is not a trading recommendation
>
>Attachment Converted: "c:\valet\eudora\attach\oex72099b.gif"
>
Attachment Converted: "c:\eudora\attach\707.gif"
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