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Re: [RT] Is this divergence for real?



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Yes, I have major divergences in my breadth models ringing amid other
warnings. However no guarantee that the top is in and I could see a run to
1080-90. I started scaling in a short position yesterday at 1040 buying deep
in money March 2004 LEAP Puts at 1150 strike. I consider an implied
volatility of 16% to be a bargain. I'm not good enough at top picking to
nail the exact top.

Earl

----- Original Message ----- 
From: "Navtej S. Nandra (RR)" <nnandra@xxxxxxxxxx>
To: "swingmachine" <swingmachine@xxxxxxxxxxxxxxx>;
<realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, September 19, 2003 12:35 PM
Subject: [RT] Is this divergence for real?


Please see attached;  anyone else showing a possible near term top?
N


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