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

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To: Patrick Slevin who wrote (6237)10/13/1998 12:36:00 PM
From: jjs_ynot  Read Replies (1) of 44573
 
I had some indicators that were also long from about 950. They bounced to short about 1002 (cash).

The strength is impressive. The bounce down should have produced a greater drop from overbought conditions per this indicator. Since these are intermediate term indicators (several day to several weeks); this market may have transitioned from trading range to upward bias.

A bounce from here will be a good clue.
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