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

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To: Nemer who wrote (25589)6/21/1999 1:50:00 PM
From: SE  Read Replies (1) of 44573
 
I was just discussing this matter with someone else and I think the pieces in place are for flat to higher the rest of the day. TRIN is strongly supportive and would have to start setting new highs for a continued move lower. THe bonds have held a first support at '24 and bounced. Would need further weakness there and even then '16 to '18 is fairly strong support. BKX is holding and Beta has been a rocket ship. Pieces not in place for a big selloff, heck my even thinking low 30's at this point has me questioning my sanity, but I am not yet ready to throw in the towel to the long side. Let's see how this all plays out.
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