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

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To: nicewatch who wrote (18988)	3/21/1999 7:33:00 PM
From: Jerry Olson	Read Replies (2) of 44573

Frank thanks so much for your post... i really can't tell you how much they help me...<g>... with CMGI & P&F, my read is this...it's making a definate triangle...they can be both bullish or bearish in P&F Speak...it hasn't completed yet... my guess would be CMGI moves lower to 178ish, if it prints 174 that would be a sell signal and we would head to 160...if it reverses up to 196-198, we're going to all time new highs... on the SPX...it already has reversed down 4 boxes...1290-85 is a sell signal, with excellent support at 1275...this would equate to 9600 on the DJIA..which i predict will be the short term bottom, for the next move higher... thanks again Frank......

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