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To: Didi who wrote (243)	6/16/2000 6:46:00 AM
From: Didi	Read Replies (1) \| Respond to of 1115

FWIW: "Chart Spotlite" by Decision Point... decisionpoint.com

To: Didi who wrote (243)	6/16/2000 6:53:00 AM
From: Didi	Respond to of 1115

Commentary by Lawrence G. McMillan for Thursday, June 15, 2000... optionstrategist.com >>>Expiration: It definitely has a bullish bias, due to the large preponderance of in-the-money $OEX calls. While Thursday's rally may have been expiration-related, it therefore may have diminished the buying power somewhat. Still, expect a buy programs Friday. Stock Market: The equity-only put-call ratios continue to remain on buy signals, and some of the weighted ratios gave those buys at fairly extreme oversold levels. Moreover, until today, breadth has been strong as well -- which canceled out any short-term sell signals we received last week on our oscillator. Expiration has obviously put a positive bias on the market, and that influence will of course be gone by next week. Volatility measures are also modestly bullish. The last, but perhaps more important, thing is prices themselves. By closing above 795, $OEX has broken out of a congestion area that had been holding it back for some time.<<<