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

To: Clay M who wrote (4259)	9/17/1998 11:43:00 AM
From: SE	Respond to of 44573

Thanks for the heads up. Each new little trick is certainly worth it, however, I am going to have to start writing this stuff down. My brain is quickly getting to informational overload! :) TOM - I think we had better turn down real soon, or I think Clay might be onto something. We are getting to the 200 period ma's on the 1 nad 5 minute charts. Repel baby, repel....

To: Clay M who wrote (4259)	9/17/1998 11:52:00 AM
From: Tom Trader	Read Replies (2) \| Respond to of 44573

Clay, your point further bears out what Steve and I have been saying about the selling pressure easing. Now it is possible that it is working off its high trin reading by basically staying within a very narrow range. One scenario could be an announcement re release of the testimony causing a sharp sell-off in the futures and then a reversal at some point. If the decision is not to release the tape then we'll see an immediate reflex rally--not that it will erase the losses by any means.