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Hi Jim,
I agree with the bullish case.
I bought S+P this morning at 1518.80 (50 % retracement to last swing low at
1463.50).
Initial sell stop was at 1509.90., now raised to 1514.90.
My target is 1591.00, where I'd be out.
Take care,
Warren Goldstein
Informational Commodity Trading Advisor
Email: wsg@xxxxxxxxxxxxxxxxxx
Website: www.wsginvestments.com
-----Original Message-----
From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]On
Behalf Of Jpilleafe@xxxxxxx
Sent: Wednesday, March 29, 2000 6:18 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Index P/C Ratio
This is a change,..for the first time in weeks
we are seeing some Put buying. For today,..
CBOE Index P/C ratio 2.59,..and OEX P/C ratio 1.66
both constructive near term from a contrary perspective.
View this as a positive for S&P500 next 2-3 market days.
Feedback appreciated. Regards, JIM Pilliod
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