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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.07-1.7%4:00 PM EST

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To: Stephen M. DeMoss who wrote (69390)2/17/2001 2:10:15 PM
From: Topannuity  Read Replies (1) of 99985
 
Stephen- I am out right now and considering the purchase of some "crash" puts early this week. That would be March out-of-the-money like SP 1100's. Yes, I too have been waiting and "hoping" for an easy point to buy in and then hold for awhile. However, buy and hold may not be the correct strategy anymore. I'm no guru and can't see much further than the next few weeks which seem to have "crash-like" potential. After February, I don't know what will happen.

BTW-- this is another calculation I lifted from CrystallBall thread re: Feb. 26 as "the" day for a climactic plunge or low event.

Msg#: 983
From: leeteam
To: ALL
Date Posted: February 17, 2001 at 01:51:16
Subject: .618 / .382 golden ratio summary

--------------------------------------------------------------------------------

July 8, 1932 (low) to December 9, 1974 (low)
15494 calendar days
509 months
42.42 years
December 9, 1974(low) to February 26, 2001(projected low)
9576 calendar days
314 months
26.17 years

15494 days 9576 days
509 months 314 months
42.42 years 26.17 years
7/8/32 --------------------> 12/9/74 -----------------> 2/26/01
(.618) (.382)

In days: 9576 / 19494 = .618
In months: 314 / 509 = .617
In years: 26.17 / 42.42 = .617
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