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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (14218)	11/14/1997 1:53:00 PM
From: Nemer	Read Replies (2) \| Respond to of 50167

Red Dog Alert: OEX is falling and approaching support at 882 I'm buying OEX calls stop at 878 hold for rebound to 888-889 this is just a report on my actions

To: Nemer who wrote (14218)	11/15/1997 11:08:00 PM
From: Beachside Bill	Respond to of 50167

Well the markets went up to the high value on the overall downtrend line. ie. plotting a slope from the high values of the OEX overall downtrend on Oct.21, Nov. 5, and Nov.14. COMPX and INDU in the same relative pattern. It will be interesting if the markets break this trend early in the week. I don't think this trend will break unless the Nikkei 225 can show a bottom. Speculators and are saying that we have hit bottom and the overall downtrend is over, but why? Late summer support? Daytraders made money long going in on Thurs when all the markets were at the low level of the overall downtrend trendline. Are they taking profits on those gains or see an overall reversal? Humm. To risky for me without more info at the high end of the recent indicated downtrend. WEEK AHEAD - Markets transfixed by Asian crisis biz.yahoo.com Ah yes, the trend within the trend. P.S. Nemer, I can't peoplemark you, because of your profile changes. Please repair.