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

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To: GROUND ZERO™ who wrote (6506)10/15/1998 3:36:00 PM
From: SE  Read Replies (1) of 44573
 
No problem....I would be worse, trust me on that.

I think that with the extreme readings registered in the TICK/PREM/TIKI that we have had a top. I suggest that we will rally to mid 50's and then it is down from there.

The only problem I have with that read is that every other occassion of extreme readings in all three I don't believe any was accompanied by news of this nature...that might not be true, but I don't know of any.

This is the top of this move. Dramatic and violent. Now down we go starting very soon.

How low? Don't know, but this is the up-side for a while in my opinion.

Down within 1/2 of a trading day....

BWDIK!

:)

-Scott

PS - I don't understand how news of this nature can be released during trading hours. Companies generally don't do that. Why crush a trading day with this when it would be better to disseminate it after hours and give everyone a fair shot at it. Just seems odd.....
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