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

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To: Patrick Slevin who wrote (24512)	5/31/1999 12:11:00 PM
From: Gersh Avery	Read Replies (2) of 44573

Are you kidding ?? It took two days for the headache to go away!! 75% of the posts that I wrote to you vanished before I could post them .. Those were the ones that I explained that I had 10,000 Maniacs cranked up, had ran out of the VO and had switched over to the Mist ... The posts were a downward progression .. I got the majic number for the SPX at ~1301. CNBC was saying something about 1300 being a very important number to close above. Looks like every arm twisting tactic in the book (and not in the book) was used to get it to close above those marks .. then the futures took the big dump after the close of stocks. The setup is in place for the trend lines of the last few days to stay intact. IF they can keep it above the 1301.** on a closing basis then a bounce to the north has higher probabilities. Target then would be ~1375. However .. looked to me that Fridays close was fake .. should come out the gate on Tuesday screaming toward 1200. OK .. so then what?? Well that should set up the ~9:45 dip buy .. should bounce the sucker up past the open .. dumbfounding the shorts ... but then ... I think the whole picture gets tuned by the number of available dollars in existance ... Folks act the same way expecting to get the same results and the results are trimmed back by one or 2 percent .. why? because the effort runs out of gas before it's supposed to .. in other words, another one or 2 percent additional downward bias. So then when the big players figgure out that the additional bias exists, they'll run with it. (amazing .. the squid and black choppers haven't taken one single word today) Gersh

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