Friday, March 26, 2010 7:17:52 PM
(1) OEX 525, 515 are statistical numbers, you don't average them for it is meaningless
(2) From Feb25 to Mar25 there was a rise of a total of 42 OEX points, 525 and 515 are approx 1/3 and 2/3 Fib retracements
(3) Those numbers are just approx guides since the market moves up and down and so are those numbers and evaluations should be done at around those points
(3) Shorts/Puts positions should have been opened when OEX was at 540 (my previous chart showing Kaching area, it was predicted)
(4) I said it so many times when MCO>0 buy, MCO<0 sell
(5) Perhaps the difference is I am an option trader and you may be an investor of stocks, therefore, for you until OEX 515 is broken to the down side, the trend is still up, but for me, I have already made 2.5K per contract
(6) FYI, OIH is already downtrend...no market rallies can survive without oil
(7) Today, OEX, NDX and OIH with the exception of XLF (which is about to roll over) all gave strong sell signals
good luck
2bit
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