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

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To: Cynic 2005 who wrote (14846)2/8/1999 4:14:00 PM
From: Tom Trader  Read Replies (2) of 44573
 
Hi Mohan -- my apologies for not responding earlier

I am curious as to how much of a time lag there was between your bad breadth alert to the the point when the sell off began in earnest --- both in 97 and 98.

Like I have posted to several people, I have been liquidating trading positions on strength because I do believe that a correction of sorts is in the works -- just a matter of timing.

In the meantime, I think that another rally can be expected -- and that should tell the tale in terms of where we go thereafter. Unless the rally is strong with decent breast and momentum, it might even be time to establish some shorts.

Let me know what you think
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