week may 24, page-42

Robbb,

On the XJO. Am I right in thinking that if the XJO gets above 4366 then we have a confirmed swing bottom unless today's low is below yesterday's low of 4265.30?

A higher swing top would require a high above 4395.40.

Thanks in advance.

I suppose we were always going to lose the football. Congrats on QLD's victory!


LuckyV,

David has had a look at the WBC options and can't see why 22 is the magic number. The biggest positions seem to be puts at 26 and 23.

More out of curiosity than a real need to know, do you happen to know why your broker has zeroed in on 22.


Also thanks in advance.


Lindfield