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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (24097)	6/4/2000 9:27:00 AM
From: Jerry Olson	Respond to of 42787

Hahahahahahahaaa scary huh Gersh?<VBG>.... can't wait for manyana..got a plan..hope it works...

To: Gersh Avery who wrote (24097)	6/4/2000 10:00:00 AM
From: Gersh Avery	Respond to of 42787

OK fresh targets. My "thing" that I watch is currently in violation. What that means is that the SPX cach values have gone against the system to such a point that there should be a move down enough to reset the balance. My "thing" pivots around the price of the SPX on the day that options expire. This month the SPX was in a down trend before the last expiration yet had a short signal. The next few days showed that a large chunk of that downward movement had already taken place prior to expiration, so the move up and violation of the upper "band" was not a surprise. So where does that leave me? All of the values that I use are the average between the high and low for the day. On 5/26 (not 24) the lower point was set for me at 1380.77. The average between the high and low on expiration day was 1419.457. That was a dip of 38.705 SPX points. The run up last week ended with the SPX having moved up 46.5 from the expiration. To meet the system the SPX cash would have to move down below 1419.475-46.5 or 1372.975. Again this would be the average between the high and low for the day. A very sharp (short) fall hitting that average could do something like open at the high for the day at 1400 drop to 1340 and then rebound making the average for the day at 1370. Then again we could have a couple of sharp down days which then are followed by a somewhat flat day where we have a high of 1375 and a low of 1370. The first situation would produce larger gain than the second. The possibility exists that this month could be worst failure of my "thing" in the last 4.5 years. In that case, the best that could be said for the bulls, is that is that we are very very close to the absolute highest that we will go for the next two weeks, as measured by the SPX. And that we will just bounce around here through that time .. unlikely .. this market doesn't like to set still for that long. So then .. I'll be watching openings very closely to determine which of the two forms the "widening of the lower band" takes. I'll be looking for the day that the SPX will do it's average below the 1372 mark to see which of the two manors that it fills out.