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<DIV><FONT size=2>The third chart is the Risk Monitor that utilizes the Modified
Volatility Index that Jack Karczewski wrote about in the April 1995 issue of
TASC. It shows that the best buys have occurred at the band where the
indicator closed on Thursday. Implied volatility as measure by VIX went
over thirty as it does at trading lows. Of course it can go higher but it
doesn't stay there very long. The feeling here is that optimum buying
opportunities don't last longer than a few days. Remains to be seen if
this is a repeat of the three previous lows in this indicator.</FONT></DIV>
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<DIV><FONT size=2>BobR</FONT></DIV></BODY></HTML>
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