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Politics : Idea Of The Day

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To: steve susko who wrote (33256)	9/19/2000 1:33:24 PM
From: GROUND ZERO™	Read Replies (1) of 50167

I took long positions in the NAZ contract in the evening session last night and yesterday afternoon... I don't know whether this is only a dead cat bounce or not, but I have reason to suspect this may actually be a major trading cycle low due to the daily chart pattern... I'm playing it as if it is the bottom and I'll definitely re-assess into and after the close today... so far, it's holding up nicely... if we just close up on the day with an inside day pattern and the cash finished up over 3800, I'd be more inclined to say it's time to party.....<g> EDIT: New highs are being made at the moment.. at this time of day with a fresh rally and no earlier sell off I'd say there's a 75% liklihood, or better, that the lows are already in place.....BWDIK GZ

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