Systems, Strategies and Resources for Trading Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Patrick Slevin who wrote (7592)	10/31/1998 2:31:00 PM
From: Jerry Olson	Read Replies (3) of 44573

HI Pat i just took a look at my P&F charts on the OEX & SPX... very interesting situation... the OEX is a breakout!!! it has enormous<g> resisitance at 545...if we break that res. we explode straight up to 580..."The Top"....:>} now here's the devergence of the 2 indexs.. The SPX looks to have hard resistance at 1100...it must break this, for a big runup fast...IMO it will... There is NOTHING at the moment to stop this market...not until AG on the 17th...i for one do NOT think he will cut rates... as I see it, we should correct then, but not to old lows, just about 8000-8150ish level...no reason to test the old lows... why? you ask?........:>]..because that's why!!!! heh heh no really, it would simply be redigested that instead of a recession coming in 99, we would just have "Some" slower growth "maybe"... hence corp. porfits should resume their upward movement..and the markets to major new highs above 10,000...... this market looks like a positional traders dream...just buy it and hold...at least for 2 weeks...<g>....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next