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

To: Patrick Slevin who wrote (3784)	9/10/1998 11:51:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

My system is still on a buy and this is the time to buy based on my analysis. I expect a short pop here for a couple of points before turning lower. It may or may not occur, but that is what I would expect.

To: Patrick Slevin who wrote (3784)	9/10/1998 12:47:00 PM
From: donald sew	Read Replies (1) \| Respond to of 44573

Patrick, The latest UPMO(up-momentum) reading is at .3 which is quite weak. The DOWNMO(down-momentum) reading is at .67, which is double the strength of UPMO. This implies further weakness, but can change on the dime. The TICK is only negative 400 and the DOW down 235. If we get a negative 1000-1500 tick, we could be down 300 or more. I did an exponential calculation(geometric progression) and if we were to get a negitive 1700-1800 tick we could see the DOW down 450-500 points(based on the current momentum readings, which could change at anytime). I dont that big of down-tick, but who knows.