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

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To: SE who wrote (14987)	2/8/1999 9:26:00 AM
From: Doo	Read Replies (1) of 44573

Neglected to offer this observation last week, but the open reminded me. Patrick's use of the 34 ma has had me watching it on several time periods for a month or so, often with Bollinger Bands overlayed. Take a look at the daily for the SPH. Notice we've bounced three times since mid-Dec, but the prior two from much higher levels above the 34 ma. This time, we've really been hugging the 34 for some time, and we broke it Friday. Will support become resistance this time? 1250 is critical, in my view.

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