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

To: robert b furman who wrote (29356)	8/3/1999 1:21:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

Hi Bob i have to believe we are a bit oversold right here...but we have to wait till Fri for more direction... i think the nets are ready for a short bounce soon...but when supports break on P&F it usually means lower lows...coming.... DOT & IIX both look like they're going lower.... i'd wait..but we'll nibble on down the road a bit.. another problem is no real panic selling, capitulation stuff...to me thats a negative because a bottom has not been put in yet... i think we'll rally after Fri if the numbers good...and i don't think AG will raise rates on the 24th either...