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

To: Tom Trader who wrote (37242)	10/18/1999 1:40:00 PM
From: Gary E	Read Replies (1) \| Respond to of 44573

Hi Tom, I am very new with the forks, but sad to say that I also see some posibility of a trip to 1200 spx , not today but thats where I see some support.

To: Tom Trader who wrote (37242)	10/18/1999 1:46:00 PM
From: Nemer	Read Replies (1) \| Respond to of 44573

TT --- I was on the way out after lunch and flipped on the computer for a quick check .... my mid term (couple of days to a week hold) trader buddy had just sent me an email .... said he'd tried the phone but no answer ... I was on a ladder and paid no heed to the rings ...... ggggg he went long at 1252 ... with stop set at 1248 ... he'd been short from 1269 I have the tv on where I can see it whilst I'm hanging crown moulding in one of the bathrooms so I can readily determine the market hasn't crashed YET ..... ggggg

To: Tom Trader who wrote (37242)	10/18/1999 2:08:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Hello Tom, There are no serious fork median lines at these levels of 1235-1242 on the SPX...there are tines somewhat lower around 1200. There are a series of thm in the 1250-60spx area. There is a Fib .382 retracement off the August high here at 1235 Also a 300 day moving average at 1242spx There is another indicator I've just started using which targets the 1235 SPX area for a reversal. On the DJIA 10,000 is of course very powerful and there is one very strong fork at 10,000. I believe the DJIA is supporting the Indexes and futures. Yes, I would agree any close below the 1250ñ SPX would put serious strain on the technical charts. Also I would expect there is a lot of margin calls going out on these highly leveraged trading accounts. I also believe this is the month that major brokerage house accounts and mutual funds lock in profits for the year. Greenspan helped a lot. After this scare is past the markets should climb into November and sell off again into December. I'm also expecting a lot of international financial turmoil for the first quarter in 2000 and maybe into the 2nd. Chip