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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote ()1/30/2000 3:49:00 PM
From: Temple Williams  Read Replies (3) of 44573
 
Friday did not, however, kill my "old" Preferred series (which worked out OK last week). It did throw the series down the ladder to a close 2nd Place. It can still come to life. The key for me will be the 1355.00 Spoos area. If that level holds early Monday, and a relief rally falls in place before noon, then prices will start to push the index higher again into the closing bell. A small Cash Gap remains above current prices in the S&P (from Friday's opening), at 1398.32. That may be the target the index reaches for by Tuesday (with a push back above 1400.00 Cash). If this series validates, Wednesday corrects. Thursday the bears stare with anger as the Greatest Bull Market in History squeezes them yet again. It pushes the averages back to all-time highs. Links for the Alternate 2-min Spoos chart ... sellnow.net ... and the 6-min Cash chart ... sellnow.net ... in my Alternate series ... ends ....
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