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To: Chris who wrote (8498)5/12/1998 10:48:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
Talk : Puts/Calls : Waiting for the big Kahuna

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To: bobby beara (18393 )
From: donald sew Tuesday, May 12 1998 10:19PM ET
Reply # of 18430

Bobby,

There are Triangles all over the place. I believe in the theory that triangles are formed as a process in awaiting news like earnings,interest rate matters, etc. I believe the news item most of the triangles are waiting for is the FOMC meeting, with the prelude possibly being tomorrow with the PPI. If the news is good it will surge up, if the news is bad it will surge down.

Seeya