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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (29788)12/1/1997 1:54:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) of 58727
 
No kevin..you are missing my question..I dont know how to make it any clearer but let me try ONE more time

this is the information you posted this morning BEFORE the market opened

SPX:
970.37
962.88
959.14
piv: 955.39
951.65
947.90
940.41

Break Point:954.40
I did several extra calculations which indicate a strong resistance in the SPX @ 962.88
- 964.09 and 963.30 - 964.90 for the SPZ7.
If this area is taken out (on both), I'd consider it a break out and IMO we'd make a
rapid move to res #3.

As I said in the last post, my posting on my system has become more detailed over
the last week or two. During this period, these extra points have never been a
factor...they were too far out. Many days, these extra points are at least 20 points
from the prior day's close.Today, there were two of these extra points within 17
points of Friday's close...that's rare, and that is why I posted it.

----------------------------------------------
SPX closed at 955 25/64....that is about 8 points below first edge of your range.

Again, why were you using a range around the second resistance instead of just the resistance. THIS IS THE ****FIRST TIME**** you have done this.

I AM NOT TALKING ABOUT THE SECOND SET OF RESISTANCE POINTS THAT YOU POSTED LATER IN THE DAY

I am talking about the 962.88-964.09 RANGE that you gave as resistance...which in essence is a buffer because you are buffering it above your 962.88 resistance. you said you dont use a buffer unless it is a buy signal..SO WHAT IS THIS RANGE ABOUT? The buffer on the SPZ was even larger and on the second set of numbers you posted later it was EVEN larger....almost 3 points IF you use a buffer in addition to the range

If you dont get this question, I give up....YOU HAVE NEVER USED A RANGE AROUND A RESISTANCE POINT BEFORE..why now?
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