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

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To: Tom Trader who wrote (5363)	10/5/1998 12:02:00 PM
From: donald sew	Read Replies (1) of 44573

Hi Tom, Although the market is down strong my DOWNMO reading is at .57 and my UPMO reading is at .37. Average is in the .45-.55 range, so my momentum readings are not as weak as they appear to be if one just looks at the price movement. My short-term technicals for almost all major international markets are now oversold and we could see a bounce soon, on an international basis. But I do not think that any bounce will last long. it should SHORT, BUT NOT SWEET, and then the next strong down leg should start somewhere in the timeframe of 10/7-10/13. Thats the down leg that should take us below 7400. So Jerry could see his bounce. gggggggggggg seeya

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