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To: donald sew who wrote (46865)6/25/1998 12:23:00 PM
From: Nemer  Respond to of 58727
 
Hey Don:

------>Just checked the market internals and divergences, and this rally is not as strong as it appears to be on the surface.

SPX points for noon
....1125...1129...1131...1135....1142...1145...

the BBx signals have been altered some so the fairly large gap (1135/1142) is to reflect the trading range expected until the next signal ----- I had nothing to do with this and I suspect that my programmer has been hitting on the hooch bottle even more than the stuff Pat is sending to him.

The 1141.75 that I'd posted earlier today is still a strong resistance point and should hold for another hour and a half , or longer ......

Regards --- Nemer



To: donald sew who wrote (46865)6/25/1998 7:55:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
Well, it did follow the pattern call. The weekly high hitting late Wednesday or early Thursday.

A continuation of that pattern calls for a turn around 10 EST tomorrow and a peak for the day at noon hour with a selloff into the late innings and a bounce in the last hour.

Of course, this is all predicated on the original pattern call that stipulates the high for the week is in.

Howsoever. I don't think THE high is in. I look for a higher market next week.