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


To: wlheatmoon who wrote (29265)8/2/1999 7:16:00 PM
From: coug  Read Replies (1) | Respond to of 44573
 
Well thank you Mike,

We did have a nice weekend..

So back to the grind.... Unless this thing repairs it's internal structure fast, I expect choppy downside action with a REAL good chance of a major HIT. or at the very best..choppy sideways action. It just doesn't look like a bottom has been put in and we are ready to climb.. Not with what the internals did. As far as stocks go, I'm keeping my hand on my wallet.

I am on a 30' directional sell..that was reaffirmed late today..
Things were starting to turn up.. and a couple components got positive
but the price never did.. before the volume thing reversed..down..

I can not find a volume reversal day very similar to today within the last 4-5 months.. I only look back that much now because market dynamics have changed so much, i only compare within a short time frame.

We will see and good luck.. Coug