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

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To: Patrick Slevin who wrote (28595)7/24/1999 11:00:00 AM
From: Brian Hornby  Read Replies (1) of 44573
 
My 2 cents. I feel major supports levels have held and the slew of positive earnings surprises will fuel some buying next week, especially in the tech stocks. In fact I think the Nasdaq will lead the market back up. I entered a Nasdaq contract at 2310 Friday afternoon BTW, and am holding the SP from 1367. There is a chance to break to 1349 and then 1320, but I am betting we have seen at least a short term bottom. Kicker is the bonds, if the sell off more nothing then I expect we test the longer term support levels.
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