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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 (3699)9/9/1998 5:22:00 PM
From: steve susko  Read Replies (1) | Respond to of 44573
 
who's David?

It drop to 996 in after market. Heard the Starr report contain a dead roll - dozen of people related to Clinton that have died in the past few years.



To: SE who wrote (3699)9/10/1998 5:13:00 AM
From: Arik T.G.  Read Replies (1) | Respond to of 44573
 
Scott,

>>I now show 999 on the SPOO. That is good enough, no?

I hope so. Yesterday was a borderline case. Everything went my way except two important things:
1. The market didn't reach my target (mainly because a handful of supercaps were extremely strong ( i.e. MRK and MSFT, but not the traditional multinationals GE, KO and PG).
2. There is still lots of bad news (Japan, Russia, Starr's report) and I wonder what would happen if/when/should there be any good news hitting the market.

>>What happened to David's call for 1047 today?

David called a megaphone formation in what I saw as a classic abc correction. IMO the upside was very limited from 1020, cause I thought that a breach of the 13 dma would signal a possible change in the medium term trend (end of crash phase)
David's megaphone line was crossed only briefly, and calling it a break to the upside was too early.

ATG