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>that Friday is both triple witching and full moon so this should be
>resolved quickly.
All of us have been expecting (well, at least me) this breakout. It hasn't
happened in the expected timeframe.
I wonder if there is a message in that:
That this action is resolving the extremely high statistical volatility
situation that we experienced in Mar-May by imploding to revert to normal
vol.
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Other outstanding matters:
S&P Options:
I apologise for not responding to Earl's sporting gesture re option strategy
for playing the anticipated breakout earlier. Some off-market activities
cropped up and I took a loss on my OEX position and prematurely closed it
out.
I have initiated a July DJX position long 108c long 104p strangle per chart
posted last week, with DJIA at 10,600.
Same goal: Trading the breakout of the DJ pattern.
Will post updates when possible.
Stocks:
MCD; Covered short at 32.
WMT: Stopped out at 56 (50 ema).
NOK: looks like it is about done on the upside. Pre-open chart attached.
Short NOK on breakdown from wedge semi-confirmed by lower high today.
Gitanshu
Attachment Converted: "f:\eudora\attach\nok061500.gif"
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