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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Chip McVickar who wrote (23363)5/17/1999 12:34:00 PM
From: Jimsy  Read Replies (1) of 44573
 
Critical area here- I see AG with no change tomorrow, then FOMC minutes saying/warning of upside bias, to cool the markets a bit going into what should be good 2nd qtr earnings, and if things really get cooking, a surprise .25 pt raise unexpectedly.

Looks like we had a bit of a mini short covering rally as everyone went to lunch.

On th other hand it sort of looks like a bottom of the selling. I scale a bunch of indexes scaled to screen into an INDU chart. When they all round out at the bottom or top at the same point, it usually means we have a reversal, but does not indicate how strong. And today would not expect strong reversal. Might bounce on emore time off 1326 area.
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