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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: F Robert Simms who wrote (9159)11/30/1998 9:51:00 PM
From: SE  Read Replies (2) of 44573
 
Bob,

That would not surprise me...in that tomorrow closes on an up note. I just PMailed Patrick my early analysis and that is that we go down to test 1138 and then go higher. I would not be surprised to see the 1138 tested quickly and then a serious bounce. I suspect we might have a gap down and then go lower before moving higher. I basically told him my thought is to sell it and close the sale at 1138 with a SAR. It would not surprise me to see this close higher than the open. A gap, if it comes, might be closed, but not till we are moving up. I don't expect a down gap to be closed early on.

This of course is just my opinion and means nothing when stacked up against what the real market actually does or does not do. :)

Now, of course, remember my early call today that I was feeling bullish but did not have any basis for it! :) Clearly I am a contrary indicator and I suggest everyone do the opposite of what I say!

-Scott
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