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

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To: Patrick Slevin who wrote (18476)3/12/1999 1:48:00 PM
From: Chip McVickar  Read Replies (3) of 44573
 
I like your read for a bounce or flat into 2:30

If the SPX is climbing/flat into 2:30 then it should reverse nicely

Right now the ADV are increasing in both nyse/nasq
But they are weak only +18
TRIN is getting better but weak
Got a double bottom here at 1290

2:30 is a 7day T-proj and the last major one I could find...
Give this one 10-15min either way
Any others would be interday and weaker...

But to go Lower we must take Out 1287-8

I suppose an alternate read would have the SPX just stay right here
and bounce into Monday
Chip
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