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Personally, I would raise that SPX MPP of 850 and
leave a bit OI on the table for hedging purposes. The OEX (more for
speculators) did land right on its MPP of 440 on Wednesday. Now its just
oscillating +,- a couple of points. Its just one way to look at
sentiment...just another factor for consideration. The XMI pivot point
channel does look like it is putting in a low right now. The XMI is
composed of the 20 largest market cap DOW stocks.
bobr
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Rhonda
Guilbeaux
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, April 10, 2003 8:39
AM
Subject: [RT] Short term
"Possible" short term low forming.<FONT
face=Arial size=2>
Hurst 4 shows yesterday
into today. Weekly Projected High 900, Projected
low 858 for this week. 5 plus 858 is 863.
Still holding above 858, but
still consolidating at the lows
at present.
If last weeks lows tested
and broken obviously
would become an acceleration in the present
downtrend.
For now still above higher support and 50
day ma also.
Time/Price will tell.
Noted Max Pain BobR posted at 850 in a
previous post; also Ira's and Jim's
recent posts. Thanks.
Best,
RhondaTo
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