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In a message dated 10/9/99 12:53:32 AM Eastern Daylight Time,
clydelee@xxxxxxx writes:
<< Last week we had the opportunity of following the OEX along a
path throughout the week.
Today, the OEX (30 minute) completed a very short leg pullback
from its upward path.
It is interesting that in the prior pullback, that pullback closely
matched the most bullish of the projections and this led to the
week long (almost) rally in the index.
This just completed pullback almost exactly matched the most
bullish projection for it and now after the turn it is possible that
the OEX will track the most bullish projection to about 720 on
Wednesday.
The way the projections are structured however I would not bet
all the eggs in the basket on the OEX doing that ! ! !
I will delay my venture into Puts for a couple of days unless
things turn South Monday. I bailed the Calls about 3:10 today.
Clyde Lee
----- Original Message -----
From: G.John Boggio >>
the probability of a big down day is in the cards for monday
HOWEVER
if we make a lower low on monday will be a buyer
regards
Ben
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