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

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To: Jerry Olson who wrote (8466)	11/13/1998 3:03:00 PM
From: GROUND ZERO™	Read Replies (1) of 44573

OJ, DELL has been rotating around that midline I pointed out to you, it popped up over it, then dropped down below it. Considering its recent strength, it should have continued higher, but it didn't. I don't like today's action, but it needs to return to about 71 to stay on course, and that looks unlikely considering the sudden distance from the midline. Those midlines attract prices, then repel prices when the midline is touched. It looks like a rally could be shorted. You're kind of asking to use the fork for something it's not used for, it finds levels of extremely over done conditions. What I can say here is that prices appear to have broken away from the magnetic pull of that line. Otherwise, it looks like a short on any rally. I don't think I was much help. GZ

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