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

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To: Jay Baca who wrote (17503)	3/4/1999 7:01:00 AM
From: GROUND ZERO™	Read Replies (2) of 44573

My guess is that the indexes were right at the brink of total collapse, yet still at major support. It looked like yet another successful test of that support. Who knows how many times that support level can take continuous attacks without finally surrendering, but for the meantime..... The bonds may indeed be at or near a turning point and the equities may sense that..... also, many stocks are way overdone on the down side, sort of like an internal rotation of different groups. We may still break down or, if this is a sideways correction, these indexes may rocket skyward... I think the jury is nearing a verdict pretty soon..... Everyone is expecting a correction, that's the prevailing market gossip, so the surprise can be a rally... this is what I'm betting on... but my stops are nearby.....<g> GZ

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