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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: donald sew who wrote (5402)10/5/1998 2:23:00 PM
From: Tom Trader  Read Replies (1) of 44573
 
Thanks for the update, Don

I am watching it carefully--lest we have a major reversal occur -- though I think it unlikely. If you see signs of an intra-day reveral of any consequence, please post.

Am nicely positioned at this point.

Now if only gold would start to move--but I hear that the IMF has been selling gold to cover bad debts of debtor nations or something to that effect--and that is what is causing the weakness in the metal.

It appears that the DOW held the lows of last week so far --- though the futures did make much lower lows. So let's see what happens -- I was quite taken aback by today's weakness.
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