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Strategies & Market Trends : Dow Jones Futures -- A free paper trading service

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To: Jerry Olson who wrote (657)	5/19/2000 8:53:00 AM
From: GROUND ZERO™	Read Replies (1) of 797

Good Morning Jerry, It must be ESP, I was just reading your post to Ike when I noticed I had a message, it was from you...<g> Jerry, the forks are all pointing lower... I don't know how much lower, but it appears that the markets have broken down for the Summer..... testing the April lows is certainly likely and that test will probably fail.....BWDIK Just a few days ago, I thought the charts for the major averages were looking better than they had for months, but the downward pressure is relentless... also, the Feds will probably raise another half point in August... bonds have also broken down and are moving lower... it's hard to argue a bullish case against the Feds and a weak bond market... I'm short and I'll probably remain short into late next week if we see no meaningful recovery here today... I don't expect a recovery today, I think we could see a really bad day today if the futures markets are telling us anything... Best Always, GZ

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