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

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To: Tim O. who wrote (39035)	10/26/1999 7:53:00 PM
From: GROUND ZERO™	Read Replies (3) of 44573

Hi Tim, >>With the charts lined up for a big drop, do you think that the market will even ignore favorable GDP and ECI numbers? or would "good" numbers change your tune.<< Tim, that's an excellent question... I honestly don't think the numbers can be 'good' enough to undo the technical damage the major averages have recently incurred... in fact, I think the charts are forecasting bad numbers.... Let me ask a different question for you... How 'good' do these number have to be to turn the markets around? I think the answer there is that it's too little too late... these markets are heading for the washout that it so badly needs... at the bottom, there will be one helluva buy and I plan to buy with both hands..... if you feel uncomfortable taking a short position, then I'd keep my powder dry until the real bottom has proven itself.....BWDIK GZ

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