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


To: Jerry Olson who wrote (40408)2/4/2000 6:26:00 PM
From: Michael Watkins  Read Replies (1) | Respond to of 44573
 
Hey OJ!

Hope the day was kind to you. Glad your memory works, mine fails all the time. I'm sure SS will be looking forward to bumping into you there...

I'm interested in following your P&F read. It seems that we are singing to the same tune right now... now that the day has closed it looks like the SOX - love the strength - have put in a failed test of top. Certainly on the 5 minute chart they have, and hey, it all starts at the top doesn't it. I will be a true believer in the strength if it can take out 880 again and hold it but I doubt, if all these other things that are coming together hold up.

Certainly the INDU and spoos more than met my expectations although I admit it was frustrating as ever watching the chop all day until the nice clunk at the end.

I'll put some more charts up later. I still think the SOX is going to be the tell for any overall tech weakness. Well, I'm watching SOX, banks and believe it or not, the TSE100/TSE300. The wildness up here in Canada over BCE and Nortel have caused unbelievable market euphoria in Canada with a stunning stunning day. The kind of day that causes shorts to capitulate...

I see also that VIX gapped down to the lower regions of the BBand and moved up from there. Usually a good swing reversal signal.

Warming up the big short sell key...

Oh yeah, my keyboard has no GOLONG key any more!

LOL!

Have a terrific weekend!



To: Jerry Olson who wrote (40408)2/5/2000 3:29:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 44573
 
Hey OJ ..

I'm thinkin that the XAU has just entered a P&F buy ...

Could be wrong here ..

If so what would the measured move up be for the index?

thanks

Gersh