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To: ViperChick Secret Agent 006.9 who wrote (9881)12/1/1997 7:01:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 17305
 
Clyde is apparently not a professional trader but the head of a firm specializing in GeoHazards....evidently with enough time on his hands to develop his "Swing Machine" theory on the side.

His stuff is short-term. So is mine. My primary systems indicate a rise in the AM, then a selloff until the last hour, then a rally in the last hour so we agree.

But....when I said that the close above 971 in the SP7Z indicated higher prices into Wednesday, I based that on backup systems. So many backup systems indicate that the primary system is wrong that I can only say I will wait until after the first hour or so tomorrow to see which seems more correct.

Sorry....I know it may seem confusing but the long and the short of it is I won't do anything until the market has been open and a trend develops for the day....If everything lined up the same way I certainly would not hesitate to say that I would do this or that. But the strong close makes me uncertain. My gut feel says higher....my primary system says lower. It's early yet....I get more input as the night goes on----even as late as 30 minutes before the open.