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

To: Jerry Olson who wrote (31456)	8/25/1999 10:00:00 AM
From: donald sew	Read Replies (1) \| Respond to of 44573

Jerry, >>>> hey we're due for a short pullback to support at 11,000, then off to the races to 12-13 K... <<<< My short-term technicals are already in the overbought region and will probably give a CLASS sell signal today or tomorrow, so we should see some sort of a pullback, especially with that LONG-LEGGED DOJI which you so easily noticed. gggggggggggggggggg I feel that some/few sectors may set new highs and may even be significant NEW HIGHs but it could be at the expense of other sectors. Just that old sector rotation stuff. For now Im leaning towards the DOW,SOX,XCI as the strong sectors. As for the upcoming pullback, I dont expect it to be big, nor do I expect the upside to be that strong except for those few strong sectors. Im more inclined with range trading and maybe some sort of pattern may evolve like a TRIANGLE/PENNANT/FLAG/ETC in the SPX. Until the SPX sets a new high I will stick to range trading. seeya