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

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To: Chip McVickar who wrote (28737)	7/27/1999 12:22:00 PM
From: John Meade	Read Replies (1) of 44573

Chip, nothing really on the eclipse. I did notice that Barron's was quite bearish on AG's last talk and they have started to throw the HK$/China Yuan devaluation out there. I agree with you that we are in an undulating downward movement. I see 1386 as the place it would stop, so we are fairly close. That's the 200pma on a 15 min which corresponds to a gann coming off of the 7/19 high. If you check it out you will see that the same set of ganns caught all of last weeks decent quite nicely. We broke the lower gann fann yesterday and are moving up to the higher one which should create a pivot (1386) IMO A short off of a descending 200pma on a 15 min chart is a high probability winner. John

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