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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Nemer who wrote (524)	5/13/1998 1:50:00 PM
From: J. Michael	Read Replies (1) of 44573

Look for a rally to 1128 and begin getting short with a possible move to 1130. Bonds will hold market up somewhat, but I think you can sell this strength. Prices are trying to rally and yet momentum indicators are stalling. I'm selling and looking to trade for a few points. Looks like it is going to remain in congestion between 1130 and 1119, possibly 1100, until all of this weeks reports are out and next weeks FED meeting gets out of the way. J.M.

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