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Strategies & Market Trends : Waiting for the big Kahuna
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To: Follies who wrote (47627)5/26/2000 1:27:00 PM
From: Gersh Avery  Read Replies (1) of 94695
 
For instance .. it might say down.

If it does then the index may travel both higer and lower than the pivot point established at that expiration. However the amount that it will move lower will be greater than the move up relitive to that expiration point.

There is no guarantee* that the index would move higher. There is a guarantee* that it will move lower.

*substitute "has taken place 100% of the time for the last 4.5 years" for the word "guarantee."
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