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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Brotnov who wrote (13843)	10/11/2002 8:50:09 AM
From: stormrider1	Respond to of 16631

Bruce, from Raptor for Friday: For Friday, there won't be a bias. The smaller time frames suggest a possible further advance, however, indicators are very overbought in the hourly and due for a pause in the run soon. Resistance above is near 1185. A move over this level confirms the trend change and the completion of the pattern off the August high with next resistance near 1222. Support below is near 737 and a move below this could lead to a deeper retrace. Next support is near 1108, but the lows are expected to hold at this point, and possibly for the remainder of the year.