|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=iso-8859-1" http-equiv=Content-Type>
<META content="MSHTML 5.00.2314.1000" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT size=2>
<DIV><FONT size=2> If we make the assumption that 9/28 is a pivot low and
if we assume an average implied volatility of 25% then the OEX could be expected
to be bounded by the grey cone and the cone mean at 675 for the next week and a
half. The July high is 735.65. The August high is 724.92.
September high is 716.8. The October high is the million dollar
question. Taking the same rate of rise as swing AB and applying it to
Tuesday's close we have a projection to 710 on 10/10. That falls well
within probability expectations and the license to speculate.</FONT></DIV>
<DIV> </DIV>
<DIV>BobR</DIV></FONT></DIV></BODY></HTML>
</x-html>
Attachment Converted: "c:\eudora\attach\Conelt.gif"
|