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One last chart this morning and I'll go back to some R&D. So, if the
perceived bias is down short term, how far is down. One technique I have
become fond of is a variation of Don Fishback's Odds cones as implemented in
MetaStock. For Tuesday the first downside target is for an average day, 811
to 812. Should things get a bit heavy on the negative breadth side then 803
to 806 would be the range. Since the OEX likes 5 point demarcations
especially during E week, then 810 and 805 would be the probable targets to
flirt with, over/under a few points.
BobR
----- Original Message -----
From: <Jpilleafe@xxxxxxx>
To: <bobrabcd@xxxxxxxxxxxxx>
Sent: Tuesday, July 18, 2000 5:51 AM
Subject: Re: [RT] Re: NYSE Breadth model - longer term view
> In a message dated 7/18/00 5:49:44 AM Pacific Daylight Time,
> bobrabcd@xxxxxxxxxxxxx writes:
>
> << the five day statistical volatility is at low enough level that
> we could easily see a rather large move soon.
> >>
>
> Morning Bob,...Any personal bias insofar as to what the direction of such
a
> move might be,...UP or DOWN?....Thanks,...good day. JIM Pilliod
>
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