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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (2943)9/1/1998 10:37:00 AM
From: Patrick Slevin  Respond to of 44573
 
You have to be careful. I was just reading where McMillan is of the opinion that ... once the rally comes ... it will be huge. Due to his oscillator being the most oversold in it's 27 year history. (Of course, he says that every day, as it gets more so each day....so from where will it rally?)

Moving towards tough R at 980. Betcha there are a lot of Buy Stops in that neighborhood.



To: SE who wrote (2943)9/1/1998 10:55:00 AM
From: Patrick Slevin  Read Replies (4) | Respond to of 44573
 
Hard to trade this, it's so fast.

I have to presume the next failed rally will see a large decline overall with a late rally setting us up for a pounding in the morning.

I hear Merrill is pushing clients into bonds. I wonder what will happen to that market if the Greenback continues to falter.


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