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Attached is monthly Price Distribution Activity Bar for the OEX. First data
for November has a "p" bullish distribution. October has a distribution
skewed slightly to the bullish side. October high at 571.48 only 11.5
points away from Friday's close. Above that is a multimonth down trendline
which for November terminates at ~577. If there is going to be a downside
reversal or a breakout those would be the higher probability levels.
bobr
http://www.oextrader.com/sigma_trader
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Attachment:
Description: "OEXPDM1102.gif"
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