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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Teddy who wrote (732)2/16/1998 10:21:00 PM
From: Ben Antanaitis  Respond to of 34811
 
Teddy,

In the specific case of NE, I think that even 24.5 might get you taken out. If you are familiar with my 'max-pain' theory for options expiration day, take a look at:

pipeline.com

All things being equal, there is a good probability that the price be in the 24.25 -> 25.75 range at the end of the day Friday.

Now in the case of P&F and a support line at 25... 24.25 IS still 25, so the support line would still be intact.

Ben A.