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


To: SE who wrote (29866)8/10/1999 8:37:00 AM
From: Jerry Olson  Respond to of 44573
 
i just looked at the futures and the cash....

SPU9...if it prints 1284 that's another sell signal, the 4th in a row...

on the SPX 1280 is support, but if that prints 1270??? we go right to 1220-1200....

NAZ 2460 breaks another bottom...

all these charts look the same, moving lower toward critical support today and tomr...

in the face of PPI on Fri, and CPI on next Tues and then FOMC????, i can't see very much upside....and, if he raises rates and moves to tightening we will selloff another 1000 points from where ever we will be at that date...the DOW is a short waiting to happen...



To: SE who wrote (29866)8/10/1999 8:38:00 AM
From: Chip McVickar  Respond to of 44573
 
Morning Scott....

I'm long here from 1296.50[paper]

But, I expect the upside to be narrow until tommarrow.
And I expect 1292 on the spoo to hold.

Break Out of this DJIA sideways range tommarrow
Otherwise the cookies are burned....

However...I expect the trend in the markets to be DOWN over the next two months.....a rise into Nov and then further problems around 2000 for the first few months.