Bonds, Currencies, Commodities and Index Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chip McVickar who wrote (1108)	2/8/2001 4:53:30 PM
From: John Pitera	Read Replies (2) of 12410

I believe that Carpino is saying that he does not have very conclusive cycle work for Feb, he says it's his most difficult month from a cycle perspective. here's a bit of thinking" Futures Researc PETER G. GRENNAN (02/08/01) STOCK INDEX FUTURES MARKET COMMENT . SP's consolidation/corrective phase continues. From is 1390 high of last Wednesday to yest 1340 low, SP has thus far pulled back 3.6% which is relatively mild. The Nasdaq 100 futures started its correction week earlier on Wed Jan 24th and has pulled back from 2799 to yest 2362 low or 15.6%. So far no real indication this phase is over, although it looks like its time for another rally attempt like this past Monday's. Throughout consolidation/ correction, NYSE advance/declines continue to climb with yest another new recovery high since their Oct 18th low. Obviously, some stocks are being bought while others discarded. Start SP minor support 1345-47 where SP held during minor pullback in final minutes yest. Under 1344.50, test 1340 low. Resistance 1358-60. Then 1364-1366. FairValue+5.40;Buy+7.45;Sell+3.25.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next