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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Jerry Olson who wrote (18989)3/21/1999 8:08:00 PM
From: nicewatch  Read Replies (1) of 44573
 
Hi OJ, You're welcome.... it's my pleasure. 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... sounds good to me. 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... those are the #'s I was looking at too on the SPX for P+F.... thanks for the DOW equivalent... that's an easy enough # to remember... I don't even have to write it down! <g> As for CMGI, there are some forks I have been eyeballing on the the hourly and the 15-minute chart too. I wish I had the setup to do some fancy intra-day charts to go along with my daily studies... there's a way to import the intraday data into the program but i have been too lazy... busy.... take your pick <ggg> to get around to it. I'll be out for a while, but I'll try to eyeball the intra-day charts on CMGI to see if anything pops up there.... I haven't looked at them since friday morning. Talk to you later, take care Best Regards, Frank
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