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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (573)3/24/2000 6:24:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 33421
 
28 Premium or .28 premium? Fair value is around 16 and change isn't it? That would mean either the futures have to tank hard or else the SPX is going to rally hard on Monday's open. Hmmmmmm

Good luck,

Lee



To: GROUND ZERO™ who wrote (573)3/25/2000 3:58:00 PM
From: Chip McVickar  Read Replies (2) | Respond to of 33421
 
GZ,

The simple DOW trend line from Sept 98 thru Oct 99 lows comes out at exactly 11,000 for Fridays market which closed at 11,112.

I'm sure you saw the daily double top on the Nasdaq.

I pulled up the Q.charts screen and clicked on $PREM.X
It shows some fairly significant swings for the prem, on the 60 min chart there are swings to 35 and down to -8 with no corresponding move in the price. There was one move on Mar 15th to +35 that did nothing more then stall the upward move. With these volatile markets, that in it self doesn't look very tradable.

Chip



To: GROUND ZERO™ who wrote (573)3/27/2000 9:02:00 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
Here is the DJIA Chart from 1998 to the Present that you
asked about.

geocities.com

We have had a Friday close above the trendline connecting
the mid 1998 and 1999 lows.

We have also moved above the .618 retracement and the 200 DMA.

A move and close back below those different levels, would
call for quite a bit more caution.

John