Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (25552)	6/19/1999 10:49:00 AM
From: peter n matzke	Read Replies (1) \| Respond to of 44573

Lee, actually the scenario was off. The #1 scenario had a price cap of 1352-1353 for the sept mini and large, which was violated. So that reduces my confidence in the read. It does appear that a down move will occur very soon, but i think its likely that the market will head a little higher before going down. targets would be 1367, and a cap at 1382. As far as a time projection, the low should hit 5-7 days after the current high is established. If the market heads down on monday without any further gains, i would attribute the error in the original target cap to the opening of the Nasdaq 100 futures contracts. Happy Trading peter