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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 (6237)10/13/1998 12:34:00 PM
From: Clay M  Read Replies (1) | Respond to of 44573
 
Inger sounds like he wants to stay long for another day or so, but if it went hard through 998, I think he would be back on the short side.



To: Patrick Slevin who wrote (6237)10/13/1998 12:36:00 PM
From: jjs_ynot  Read Replies (1) | Respond to of 44573
 
I had some indicators that were also long from about 950. They bounced to short about 1002 (cash).

The strength is impressive. The bounce down should have produced a greater drop from overbought conditions per this indicator. Since these are intermediate term indicators (several day to several weeks); this market may have transitioned from trading range to upward bias.

A bounce from here will be a good clue.


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