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Strategies & Market Trends : Roger's 1997 Short Picks

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To: mattie who wrote (5274)9/10/1997 4:32:00 PM
From: Jon Tara   of 9285
 
While I haven't had a chance to peek at the indicators as of the close, I beleive that this was enough to create a definative sell signal, and we won't have a repeat of late April, when my favorite indicator (MACD of the RSI) bounced right off of the crossover point.

93 (on the SPY) was the critical level, IMHO. Now that it is broken, I see 90 and then 88 as downside targets.
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