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

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To: Tom Trader who wrote (40451)	2/6/2000 5:48:00 PM
From: Temple Williams	Read Replies (1) of 44573

Hi Tom: You asked: "What price action would it take to negate your positive outlook?" If the Spoos failed to get above 1455.00 with anything more than a throwover of a handle or two, then I would probably be jumping all over the Alternate roadmap at the site (which targets a closing of the October Cash S&Ps gap down there below 1346.49 Cash ... actually I have the first leg dropping below 1310.00 Cash). It never takes much to get me to move off one roadmap and onto another. You mentioned the market crash of '87 (I well remember all those smart kids applying for cab driver licenses after they lost their homes in the Hamptons.) I just don't see that sort of action occurring in the near-term, although "hints" have been there for ... oh ... several years, really. It will happen, of course ... but I think we get to September before it really starts to stink like a Crash. And ... yep ... the fullness of time can sure empty a lot of half-full glasses :o) If we do start running the Alternate series I suggest, I would probably be picking up a bearish "crash" series as a "next most likely" reading within a few weeks.

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