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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2435)	12/9/1999 1:58:00 PM
From: GROUND ZERO™	Respond to of 11513

Very possibly... these markets are running out of time..... GZ

To: John Pitera who wrote (2435)	12/9/1999 2:24:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 11513

John, I held shorts from 1445 because I believed a top was possible. I sold them at Monday 6th on the close at 1420ñ. I remember my intuition suggesting that I might be sorry about changing to a long read. <<smile>> Except for today my reads have been fairly good to modest on the long spikes, but this morning took them all away and my persistent inflexibility won out. I have some new indicators that support the short side to this market from 1245 and 1220.....They have not turned as of yesterdays close. Think I'll do some more back testing! There has been a lot of activity Off 10/18..... - 34 Fib Time Zone on Monday - Other Fib work is active for this week and the peak 12/3 Friday. - 36 Day cycle on Wednesday - Failure of some major Fib Retracement area's - A series of Median Lines have not held - High interest rates that have reversed only modestly. - Nasd is an outside day encompassing two days, which may be the reversal that follows the spike given by the SPX and DJIA on 12/3. This last bounce at 1391 SPX was off a fork back to 9/28 One from 8/10 Plus a lower tine off 11/5 Markets could go all the way to 1420 and then the whole move will have been missed. <<smile>> Chip