dow plus 41, page-2

9L...

Won't matter what the dow does for CVI next week...as long as it doesn't do anything crazy...either way!

The softeness in CVI both Wednesday and Thursday this week set it up for a DOW enforced purge, if for no other reason than credit buyers expecting a rally needed to exit...and of course, recent rises needed to consolidated.

The susceptability we saw in CVI to a DOW influence this week will not be apparent next week...unless we see DOW days of 150 points+/-, as such, CVI will do its own thing.

In my view...40c by Tuesday (might even get hit Monday)...and potential for 45c to be touched by end of week.

News however will void this call...with upwards gaps (or down if bad), to be determined by the nature of the news itself.

I have previously said...I expect the options to open above current prices.

Cheers!