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To: pater tenebrarum who wrote (55149)8/5/1999 8:42:00 PM
From: coug  Read Replies (1) | Respond to of 86076
 
heinz,

I'm still on a directional sell signal on my 30' chart.. but some of my short times frames are to the plus side.. so I will look for a failed rally to short into... unless something very powerful starts out in the first 30-60 minutes.. I will consider going short after 15-30 minutes.. but would not consider long for at least 60-90 minutes...

As always, the market will show us the way...

good luck..coug



To: pater tenebrarum who wrote (55149)8/5/1999 8:59:00 PM
From: re3  Read Replies (1) | Respond to of 86076
 
hi heinz...nasty rally huh ?

any suggestions on puts at this time ?

ike



To: pater tenebrarum who wrote (55149)8/5/1999 9:21:00 PM
From: Lucretius  Read Replies (2) | Respond to of 86076
 
looks like a classic pre-crash hitch to me... we got the same thing in 1987 (McClellan read -60 just as it does now) before the crash began. MER, WMT, etc... they all have it, and they will all unload to the downside tomorrow, IMO. I don't care what the news is in the morning, bonds should tank and stocks begin the slaughtering. I still think we'll see at least DOW 6000 and SPX 700 at the low for this wave (and it will be an ugly one)


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