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

To: Bull RidaH who wrote (31865)	8/27/1999 2:23:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Short me my final two ducks at 58.50. Now fully short and loving life. GZ LET'S ROCK!

To: Bull RidaH who wrote (31865)	8/27/1999 4:06:00 PM
From: Chip McVickar	Respond to of 44573

David, I'm not looking for any big kahuna sell off at this time. A normal TA reverse and test of the Fib retracements for a while. I look forward to a bounce next week if no negative news comes out over the weekend....but I need to look at the charts to see which day....there's a big TP due early next week for the active fork. With that said I believe the highs are in for the year or at least any serious challenge. The month of August could be repeated until the end of the year. Y2K is a media saliva gland irritant and they're going to be dribbling and drooling for the publics attention and document their created panic. Already you find reports of little old ladies withdrawing $100,000 life savings in cash. I believe the fund managers and the pits will be selling into strength to lock in profits aggressively and laughing their ass off. Just like they did for the Nostradamus thing.....<<smile>> But....if it gets out of hand the resulting panic could cause some monetary complications as we saw back in Sept 98. Especially if the hedge funds and the bank money laundering back rooms get whacked. Thanks for the WoW tip...what'd ya think...I'll trade you some fork tips for some WoW buffalo burger tips? Chip Daily Chart SPX Major fork: July high-Aug low---bisect median line June low New fork: August high and low---bisect median line July high 15 min chart: Aug 24 low-25 high---bisect median line 24 high