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Strategies & Market Trends : Comments on The Sage's Index Option Trading Program

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To: Steven Cooper who wrote (4)6/22/1997 4:18:00 PM
From: The Sage   of 11
 
Hi Steve...

The SPX needs to close above 900 by Tuesday or Wednesday at the latest. If it trys again and fails, as I'm expecting it to do early this week, we should have a downturn.

Checking my "Crystal Ball" there is a good possibility of a reversal signal towards the end of the week. It's a bit too far away to see it clearly. Then too, things change day to day. If we do switch this week, it certainly has been a nice run. The last signal my crystal ball gave me was the long in the second week of May.

Good Trading,

The Sage.
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