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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (24369)	6/15/2000 8:07:00 PM
From: Jerry Olson	Read Replies (1) of 42787

Don Carpino has the next 1-2-3 days as cycle highs...he actually has around the 22nd too but said it could be a lower high, but could be a higher high..then down.. then a reaction down for a few days..he has not updated where we go "AFTER" the FOMC.. but...in fact we are setting up for a run to 1515/20 SPX from right here...there are rotations each and everyday here Don...whipsaw city... but we are range bound till AG makes his next move.. i see nothing out there between right here to there, that says, crash down or melt up... right now on the S&P futures 1508 is serious resistance, if we break that tomr, we are going up..no ifs, and or butts<G>...we hit that yesterday and got repelled, i do not think it will happen again,..there was some very serious buying late today, right at the last reversal time at 3.30... i am fully long here, but scared<G>, nervous too... i will bail at the first sign of any true weakness in the charts...i don't see any???..there have been no sell signals anywhere... i am looking at the daily chart of the SPX right now...we are at some resistance at 1481..draw the line from May 1st right across the top to this date... then move to the top in late March..around the 25th/26th..that top is 1552...and draw that all the way across the top too.. now what would the SPX say at 1520 equate to the futures about 15 points???..so i think we could get to 1535 spooos... just an opinion..all disclaimers apply...and no MONSTER Predictions...of course i was only 1 day late<VBG> regards OJ

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