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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (27192)	7/9/1999 9:59:00 AM
From: Nemer	Read Replies (3) \| Respond to of 44573

1406 is a crucial short term pivot, or so it seems to me. Were this thirty minutes later in the trading day, there is no doubt that I'd go long feeling more confident, but, being a scairty cat ... I like at least 30 minutes of trading to calm the waters some .....that has saved me from myself lots of time in the past ...ggggggg SI is acting queerly today .... slow, then jumps to fast, then nearly stops ... as per my loading chart at the bottom of the screen ..... but it has been difficult for me to grab more than 10 messages at a time ... edit-- got long 2 at 1406.50 --- what the heck ... gggg

To: Chip McVickar who wrote (27192)	7/9/1999 10:49:00 AM
From: bearshark	Read Replies (1) \| Respond to of 44573

Chip: For the initial move from the INDU triangle, I wanted to see volume above 825 million NYSE shares a day. We had over 1 billion. That is very bullish. I was also looking for 130 million in the first half-hour of trading on one of those days. I don't think that was done because of the timing of the move. Other volume analysis also adds to the bullishness. So I consider the initial move to be the real thing. Currently, the volume is staying around 800 million a day and that shows interest is being maintained. The next move up should be accompanied by high volume again--maybe above 900 million NYSE shares. I expect the move up to be abrupt and sharp. If we cannot get to our mini-correction points, the chase is on. I was also hoping to see the IIX and DOT go through the apexes of their triangles at 325 and 640 respectively. That has been accomplished. In short, we are set for a huge move up.