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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: Tom Latham who wrote (3284)	12/10/1997 11:26:00 AM
From: VALUESPEC	Respond to of 7396

Shorted a second s&p dec futures @ 974.70 on the morning ralley attempt. The s&p should/could fall at least another 5 pts today. Techs continue to look weak. I'm following them for market sentiment (IBM, INTC, MSFT, CSCO, and DELL). Dec s&p is now at 972.00 I can't even understand why the market is not selling off more. There are some good reasons to be fundamentally concerned (asia, strength of US dollar around the world, etc.). If it weren't for the large inflows of money coming into the market because of retirement money, I'd be really optimistic. However, it is hard to how the funds will react since they know they will probably be getting more cash no later then Jan 1998.