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

To: Patrick Slevin who wrote (34281)	9/23/1999 4:24:00 PM
From: jjs_ynot	Read Replies (2) \| Respond to of 44573

Pat, Do you have a read for tomorrow? Dave

To: Patrick Slevin who wrote (34281)	9/23/1999 4:26:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

Patrick... i was well aware of the SPX chart..after all i do read it...<g> but i was trading stocks within those limits... from the July highs till right here, the SPX never breached the BRL line you speak off... if i was trading more of the OEX..what a positional short??? as for stocks...the P&F indicators were in the middle..things were ok to trade on the long side as eveidence buy the sectors that were moving up, as the markets were moving down... no i feel P&F can confirm week to week....and it did... all the time the market rallied to new highs, the big indicator was on a sell signal...i was playing the short termers...2-3-4 of those...all of them went down together wed nite...but from much lower levels than last year... this selloff will be short lived... and a week or so ago when you mentioned the triple bottom break..THAT was a good signal to short the whole damn thing...

To: Patrick Slevin who wrote (34281)	9/23/1999 5:32:00 PM
From: coug	Read Replies (1) \| Respond to of 44573

Well Hell Pat.. We got our 1300 and then some.. so where to. We should bounce but I'm not so sure . even though everything I watch is over sold but not Waaaaaay over sold so there is still room on the down side.. I'll probably sit it out tomorrow. One of my problems, is I can't quantify anything so I never know where tops or bottoms are.. I think I read somewhere, somebody had a buy signal in at tomorrows lows.. I might agree with that but I won't know for sure where that is, until after the market closes .. We'll see.. good luck in your picks.. coug