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OEX Pathway - weekly


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#1 Alton

Alton

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Posted 21 January 2007 - 01:50 PM

Thought it might be good to post this. Truthfully, I did not believe the index would get to the upper line so quickly, and my expectations have kept me on the wrong side of this market. After five weeks of consolidation, the OEX may be poised to rise above. That's not an expectation – right now I'm trying not to have an opinion -- but it is a definite possibility, as you can see in the lower of the two charts.
Posted Image

The upwardly ascending lines of the charts above and below are the same. The angle appears different because the vertical ranges on the two aren't the same. The upper chart is a continuation of the lower, and overlaps.
Posted Image
Note: The small placement differences of the lines on the two charts are attributable to the snap-to-grid resolution of Excel.

Other stuff...

Belatedly.... Thanks Rogerdodger for your suggestion on the ProShares double-shorts. The long funds in the double series still seemed too thin to trade when I checked. Evidently a lotta folks like the short ETFs for just the reasons discussed, so they are more liquid...hence more tradable.

Some input on the pain of communicating with a keyboard.... I've never had full blown carpel tunnel problems, but I've felt twinges beginning many years ago, mostly in my right hand and wrist. One thing I did that lightened the load was to learn to use the mouse with my left hand. Often the right hand has the mouse and the keypad in addition to the regular keys. If you shift the burden it can help, and it was much easier to learn than expected.

PS: Hi to joanne. :) I never learned embroidery!

Alton – Jan 21, 2007

Edited by Alton, 21 January 2007 - 01:52 PM.