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<DIV><FONT size=2>Thought it would be interesting to take another look at Ben's
composite oscillator after the recent deterioration in price and breadth.
As of Wednesday close his oscillator has fallen back to the "Correction" level
where decent tradeable rallies have occurred. Contraryitis can be
hazardous to health and wealth, but let's consider that the "rubberband" is
stretched pretty tight and some good news hits the next few days, where might
the OEX move to on the upside keeping in mind this is total speculation.
Using the probability cones in MetaStock a strong up day on Thursday would take
the OEX to the upper red cone set between 683 and 687 and the last channel
line. A crash up day would take it to 695 and the intersection of the last
two channel lines. The Projection oscillator is oversold and in position
for such a move.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>BobRoeske</FONT></DIV></BODY></HTML>
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