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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Jerry Olson who wrote (12157)1/8/1999 1:46:00 PM
From: Patrick Slevin  Read Replies (2) of 44573
 
See, even with the backdrop of high equity call buying the failure to really move the market lower...and for the second day in a row...is very disappointing for the bearish case.

And if my historical data going into Monday is a clue that day should move towards more new closing highs.

One thing that bothers me is the likely rotation out of January calls may take some of the steam out of this beast but I doubt much. If they cannot knock it down now it's unlikely they will during expiration.
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