Systems, Strategies and Resources for Trading Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bull RidaH who wrote (23350)	5/17/1999 11:14:00 AM
From: Jerry Olson	Read Replies (1) of 44573

David in order for the SPX to tank 240 points<g>, AG would have to raise rates on Tues....25 basis points...ain't gonna happen... of course if he does do that, then yes we'll tank for sure... so i can't foresee any meaningful selloff..now if he leans towards tightening i can see 1000 point DOW move..but that would not equate to your SPX number... the nets are still to high, so there are some sells coming up...but i wouldn't play the downside till we get confirmation tomr...no sense in trying to guess... remember..the SPX & OEX will give a sell signals today, but it's the first one since Jan...i ignore these signals...unless a trend change actually occurs, but that has not happened yet.. the 2 leading indicators on P&F have not reversed either...i'll post those changes if they happen... hope you're doing well....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next