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To: Patrick Slevin who wrote (48566)7/27/1998 2:13:00 PM
From: coug  Read Replies (1) | Respond to of 58727
 
NO,Not unless we sell off a little heading into my 2:40 low, to suck in
some shorts for up side fuel and then a real hard up thru 3:00

The above is a highly unlikey scenario, based on my stuff..

Actually, the best case would be to short about, 12:10 PDT but i
won't be here.. Have to head off the hill to town.. for lunch date

Reno is my town BTW..



To: Patrick Slevin who wrote (48566)7/27/1998 2:50:00 PM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Patrick,

Take a look at a 10 or 15 minute chart on the SPX and OEX and there is a clear short-term double bottom formation at 1129 and 553 respectively.

I feel that we saw the short-term bottom for this specific down cycle.

My TICK ANALYSIS is still showing a bias to the upside with the UP-MOMENTUM at .60-.90 and the DOWN-MOMENTUM at .36-.50.

Still see upside and about 50%-60% rebound of recent loss(say 150-250 DOW points), then it downside fun should begin.

Seeya