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

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To: Patrick Slevin who wrote (2727)8/27/1998 4:22:00 PM
From: The Jedi  Read Replies (1) of 44573
 
Astro called this a bad day, was right again. Tommorow we will see some bottom of the week. Astro calling Sept 16 as the low and Bradley calling Sept 17. I think Tom is right, we will now see technical overselling, just as we had been seeing technical overbuying.

Now the downside to SPX is 980 (called by Favors). My guess is we should reach that by Sept 17. Then 3rdQ rally and then another round of selling in Oct. The bull has been put to sleep till the year end.

Floor is already now focusing on Japan. Russian market is dead and factored in. After we bury the effects of Japan we will have Latin America to bury.

Kiri
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