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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 (34381)9/27/1999 6:24:00 PM
From: coug  Read Replies (2) | Respond to of 44573
 
Hello Patrick,

RE: SPX

FWIW, My Indice Derivatives and their indicators,( 30') for the past two market days are very similar to the two days preceding Labor day,Sept 2,3, 1999. (which might skew things but I will go with the pattern). which suggests a DOWN day tomorrow. Because Sept. 7, the first market day after the 3rd was sloppy down all day and sold off hard on the open on Sept 8, recovered midday and sold down again.

So if we have sloppy up/down volume in the first 30-60 minutes, I expect down action at least thru tomorrow. and possibly into Wednesday..

Just guessing out here and good luck with your picks....

coug