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

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To: Jerry Olson who wrote (11898)	1/6/1999 1:58:00 PM
From: The Jedi	Read Replies (1) of 44573

Cycles call for a low in Jan 7 to 11 area. So we may see a pullback, but I have never seen a pullback of 300-400 at the top. If you look at breakouts with broad market participating it is a run for the skies. The people who missed the boat are going to look for a big pullback and that will not happen, market accomodates only a few not the many. Remember some time back the pits were looking for a pullback to the low 1100 or something, well we are 100+ points above that. Everybody is scared at these heights, so am I. My guess is that we pullback to test the resistance so as to make it a support. Kiri.

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