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

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To: Patrick Slevin who wrote (17321)3/2/1999 10:51:00 PM
From: j g cordes  Read Replies (1) of 44573
 
Hi Pat, my trading experience sense of it is that we are overdone on the south side enough to try a bounce, especially with some techs, although there hasn't been a full touch of support areas for some including INTC. Yet falls are broken in stages, so a temp move up is there.. question of when. I'm still trend bearish, looking for the channel to eventually break to the downside.

Today was odd stuff, negative tick all day with positive trin, bonds holding not signaling higer or lower, transports jumping into the air, banks holding, gold stocks up, energy sinking etc etc... We're on a number of support lines, which will provide a cushion of testing waiting for further numbers. Not a common throw of the dice.

Earnings warnings aren't letting good report run, the mode is selling the good news and sqishing the bad under foot.
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