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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Nemer who wrote (1519)	7/16/1998 1:40:00 PM
From: SE	Read Replies (1) of 44573

Ok, how about your expert opinion then? I say down, but don't know from where. Do we set a new high first, or is this simply a re-test? TRIN has been coming down during the move, but only slightly and doesn't seem to be reversing. TICK is diverging. PREM is coming down...but the TIKI makes no sense. Just dropped like a rock. I think maybe the TIKI is a clue that the top has been reached. The 9,300 level appears to be a real trouble spot. Hate to fight the trend however. Have tried that and well, you know the results when you fight a trend! :) Guess the best thing to do is wait for confirmation by a break of the moving averages and a lower high on the SPX. So far it has been all higher highs since the turnaround. -Scott PS - based on the above I would pick now as that spot. 12:54 cst

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