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

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To: Clay M who wrote (4259)	9/17/1998 11:52:00 AM
From: Tom Trader	Read Replies (2) of 44573

Clay, your point further bears out what Steve and I have been saying about the selling pressure easing. Now it is possible that it is working off its high trin reading by basically staying within a very narrow range. One scenario could be an announcement re release of the testimony causing a sharp sell-off in the futures and then a reversal at some point. If the decision is not to release the tape then we'll see an immediate reflex rally--not that it will erase the losses by any means.

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