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

To: steve susko who wrote (6412)	10/15/1998 6:57:00 AM
From: GROUND ZERO™	Respond to of 44573

steve, Both fundamental and technical. So much bad news has been factored into these markets that any positive surprise will only encourage buyers, not discourage them. The surprise now is on the upside. Technically, there are numerous reasons for a bottom in here. The most immediate one is that the tide of selling appears to be over and the volatility has subsided. The equity market is now in an investment mode, not trading mode, and a more orderly market will also attract investors. Several market cycles appear to have made their lows and the 25 day cumulative sum of the advance decline for the NYSE is about to turn up today if advances out number declines by only 441 issues, the more the stronger of course. The brokerage group had outside key reversals to the upside last week. There was an incipient crack in the bond market. I could continue, but I would have to be a buyer for a major rally from now to the end of the year. BTW, if the markets go to hell today, I didn't write this post. GZ