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[RT] Re: Market - OEX

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<DIV><FONT face=Arial size=2>Here is how I view it.&nbsp; The daily trend has 
shifted from distribution to markup.&nbsp; Thus I apply the implied volatility 
range to the trend and see noise that takes it between 766 and 780 just for an 
average day.&nbsp; The OEX is trading below the pivot (H+L+C)/3 and a move above 
that 768.69 should bring in the pivot buyers to take the oex to R1 classical at 
780.4 which agrees with the implied volatility target for an average 
day.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>BR</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A href="mailto:detomps@xxxxxxxxxxxxx"; 
  title=detomps@xxxxxxxxxxxxx>DonThompson</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, September 29, 2000 8:29 
  AM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: Market - OEX</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=Arial size=2>Bob,</FONT></DIV>
  <DIV><FONT face=Arial size=2>According to my&nbsp; Stat work, given we have a 
  down open there is only:</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>
  <DIV><FONT face=Arial size=2>40% chance of getting a higher close.&nbsp; 
  T</FONT><FONT face=Arial size=2>he up closers in this&nbsp; set don't make a 
  lower low but 60% chance have a higher high.&nbsp; The down closers have 40% 
  chance of a Lower Low and a 60% chance of a higher close.</FONT></DIV>
  <DIV>So, there is a fair chance of making a higher high.&nbsp; Although the 
  futures are being sold fairly heavily.</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Don</DIV>
  <DIV>&nbsp;</DIV>
  <DIV></FONT>&nbsp;<SPAN id=__#Ath#SignaturePos__></SPAN>&nbsp;</DIV></DIV>
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
    <A href="mailto:bobrabcd@xxxxxxxxxxxxx"; 
    title=bobrabcd@xxxxxxxxxxxxx>BobR</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>To:</B> <A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
    <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, September 29, 2000 10:52 
    AM</DIV>
    <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Market - OEX</DIV>
    <DIV><BR></DIV>
    <DIV><FONT face=Arial size=2>Just testing the upper side of the regression 
    channel at 766, a normal technical occurance.&nbsp; 780 would be my target 
    as a minimum by the close this afternoon.</FONT></DIV>
    <DIV><FONT face=Arial 
size=2>BobR</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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