The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (6836)	11/1/1997 5:50:00 AM
From: Tenpole	Read Replies (1) of 79449

Doug, It appears that, while he thinks the DOW is showing a weak buy signal at present (but out of synch with the S&P), he thinks the FTSE (which is currently 4842) will retrace to 4200 after testing the low of last week of 4385 (he called the 5365 high to within 2 points so I'm listening to him!). Probably the biggest note of concern for him is the way in which the US markets have reponded to this weeks events (ie 'it's all over now...'). I have looked at some FTSE put prices - guess what: the 4400 contracts for November have tripled in price over the last 3 weeks and the December contracts are hideously expensive. I'm going to have some of both. Tenpole

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