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Strategies & Market Trends : Befriend the Trend Trading
SPY 683.47+0.6%Nov 28 4:00 PM EST
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To: MskiHntr who wrote (2107)10/23/1998 11:26:00 PM
From: joe   of 39683
 


Joe,

I think your stop level is very conservative. Only
way we'll get there is if the entire market were to
reverse (which is always a possibility, but slim).

I do think, we will get a big profit taking day or
two soon, similar to what we had on tuesday at the
end of the day.

Monday, though, I think will be a strong day, provided
no major world upheavals over the weekend. Today was a brief profit
taking day, and so it let some of the steam out. Today's
very low volume indicates, that there might be a good
bit of upward momentum left for a while.

regards,
joe
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