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OOPS, sorry about that..sent the wrong chart. Here's the OEX one. Change
of direction indicator has risen above the green line in top subgraph,
meaning a switch point is at hand, bottom falls out or prices reverse to the
upside. Price has dropped back to the midchannel band, Momentum is nearing
the green buy line, Mkt Thrust is hibernating on the white whipsaw line in
the bottom plot. So buy that strangle and visit the moon come Friday.
Implied and historical volatilities justify such action.
bobr
----- Original Message -----
From: <Vaugh002@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, May 14, 2001 5:05 PM
Subject: [RT] Market behavior(with a twist)
> May 15 day one of rebound or reflex rally from last week's 11 th turning
> point (lower hi)
> May 16 potential follow though day on put/call buy signal per BOBR
> and hopeful buyer looking for another 400 point up day ala Daddy
Greenbacks
> May 17 eagerly prices edge higher some shorts eyeballs are squeezed
out.Top
> at 10
> AM (how fitting) Prices drift down Media wonders if the market wanted it
> served on rice or just plain Finally SLawkep's Energy Point arrives Floor
> traders unrap it...damn...a basket of Sell Programs from from got it a
> retrograde Martian
> May 18 Futures at a discount to cash a gap down open as price falls int
the
> combine gravitation tug of planets all lined upfrom Winski's
astrophysicist
> May 19 fairy tales to be continued depenting on how much hate mail
> Happy tradin.. The FIB Teller
>
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