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

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To: GROUND ZERO™ who wrote (11549)	1/2/1999 2:19:00 PM
From: Brian Hornby	Read Replies (1) of 44573

I went long the DJ Friday, so I hope the rebound centers on the DJ. The SP went up after the close, but I suspect the AOL action after the close may have precipitated that. In any case, the strength in the Nasdaq "should" carry on to the other indices. With money moving into AOL, a rebound in the nets and continued strength in high tech could happen on Monday, and I feel that may carry the overall market. How do you feel about the crude? I see a rebound to the 14 dollar level possible in the near term. Colder weather may finally impact the heating oil as well. p.s. I was long Jan Crude futures last month and my broker closed me out the day before the expiration day (12/21) (I was away and didn't get his call). I had believed it closed the same day as the heating oil, which was the 31. I guess you have to watch those expiration days when trading "real" commodities <g>. He said he felt I really didn't want them delivering all that crude oil to my house! I rolled to the Feb and exited last week on the rally.

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