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To: yard_man who wrote (101126)5/10/2001 12:21:52 AM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
clearstation.com

If this is not a clear case of a stalled double top what is? Also note that the fast line is about to cross under the slow line. They have touched. Note historically what happens in this case.

Nice easy S/L at about 121 for those shorting.
Furthermore, max pain is at 105.
Is the NYSE ready to drop?
If so IBM can not but drop with it?

For PUT players, the June or July 115s seem like a reasonable play.
A drop to 105 in that time frame would be a double. On a close above 120 you should be able to bail for a minimal loss.

Now, is the DOW ready to cooperate in some tough love?

M