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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 (4392)	9/22/1998 8:59:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

Patrick, Haven't heard from Nemer at all since that latest post I made to the thread. I was looking at the chart a couple of days ago and it appears to me we have a flag formation going on right now. I wrote down the numbers 990-1050. I expected yesterday to be an up day from 1030 to 1050, but it started lower and now is heading higher. I suspect that we will visit the upper end of the range today (very possibly early) and start lower again. The flag formation is about 3 weeks old, so it still is valid in terms of time. A break of 995-1000 will suggest to me that we are on the verge of a good solid break-down once again. Could come as soon as next Monday which coincides with other's down read for Monday. I would not yet get too bullish, but try to play the swings. Wilder? Heard of him and something called Delta, but you are playing outside my zone. Have a good day. -Scott