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Re: jra2 post# 306539

Wednesday, 10/06/2004 10:55:08 PM

Wednesday, October 06, 2004 10:55:08 PM

Post# of 704019
ERTS just printed a new six month low, so it may have to retest before it launch its usual EOY run. As for BSTE, the $55 to $56 area is quite a resistance spot, it is getting rich there, but then, COO above $70 is even richer. Mind you, I don't see us going straight up here, I have removed the bear suit since the downside risk I have right now has diminished. October and till election, probably, should be quite volatile, but with an upside bias. Jim has a high around the 19th, I think that may fall earlier, just before expiry (next Friday), but I do not have great conviction one way or another.

AZH

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