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

To: wizzards wine who wrote (6151)	8/21/1998 9:11:00 PM
From: james ball	Read Replies (3) \| Respond to of 34811

Wiz, my guess is today was pushed and pulled by option expiration. Many stocks gave sell signals and pushed bullish percnts lower. I don't think much of it had to do with anythign overseas or our kicking the a-- of a couple of arabs. The average daily volatility is now 100 points either direction. Add in option expiration and you have a very volatile day. The following week of expiration often sees the market unwind the mathematical action of expiration. Sometimes it comes early in the week and sometimes at the end. I wouldn't read too much into todays action. We never predict but it wouldn't surprise me to see the market up 200 on monday. Tom Dorsey