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To: MonsieurGonzo who wrote (6327)7/19/1999 1:59:00 AM
From: Berney  Respond to of 11051
 
MG, We are Close

Seems you show a possible projection of 2-3% in OEX and I see about 2% in the S&P 500. Is this coincidence? I doubt it.

I'll deal with the math of your projections when I have a few less exhausted brain cells.

I still believe that the bear will start as an assumed sector rotation. Going to be interesting! Last year I had no idea what was happening until we were deep into the correction. Now, I've got a vision of how it may unfold. Really looking forward to see if I get a diploma.

TB



To: MonsieurGonzo who wrote (6327)7/19/1999 2:13:00 AM
From: Berney  Respond to of 11051
 
MG, No Apology Necessary

Actually, I reviewed my messages and responded before I read Gersh's post. After reading his post, I realized I could have saved some bandwith. Gersh certainly understands the issue.

TB



To: MonsieurGonzo who wrote (6327)7/19/1999 9:25:00 AM
From: Trading Machine  Read Replies (1) | Respond to of 11051
 
Steve, I have to agree with your assessment of OEX. I haven't looked at it critically for some time, this time I put the Bollinger bands on it and the upper band surprisingly is in the 750 region. So I gotta believe the market can go up some more! It is funny that this contradicts my trend line drawing where it is bumping its head on 735. Time will tell.

Also I tend to give quite a bit of weight to Donald Sews pronouncements, and he has a class 1 sell on today. So contradictory assessments abound and it has been my experience (very short indeed) that when these kinds of things start to happen we are in a transition period. Then I look at the S&P futures which are almost +3 right now.

Oh well, time will tell.

Crater and burn CSC!

CU TM



To: MonsieurGonzo who wrote (6327)7/19/1999 1:24:00 PM
From: MonsieurGonzo  Respond to of 11051
 
DRG.X @ ~365 has +/-15 points Long Straddle pivot potential? <>