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Just noticed that back on June 16 a few days after the Hines ratio(green
line) also hit the buy calls level the OEX had an 18.11point up day.
BobR
----- Original Message -----
From: ROBERT ROESKE <bobrabcd@xxxxxxxxxxxxx>
To: swingmachine <swingmachine@xxxxxxxxxxx>
Cc: realtraders <realtraders@xxxxxxxxxxxx>
Sent: Wednesday, October 13, 1999 6:53 PM
Subject: [SM] Re: How far can it go 10/13/99
> Let's ask the opposite question also, "How high can it go?". The last
three
> times the OEX came off the 670 level it had sizeable gains in one or more
> days. The time the modified Hines ratio hit the outright buy calls level
on
> September 3 the OEX had a 20.39 up move the next day. October 4th it had
a
> 12.62 up. August 13 it had 16.4 up. June 28 it had a run all the way to
> 735. Sentiment is even more negative today than previously and the
dollar,
> interest rates, inflation environments, earnings are being looked at with
a
> microscope this time. Also tax loss selling and Y2k were not as
> influential.
>
> BobRoeske
>
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