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

To: Tom Trader who wrote (6471)	10/15/1998 1:06:00 PM
From: SE	Respond to of 44573

Tom, My numbers are still crunching, but I am closer to a buy than a sell, however I don't like the TICK. I run a 1 minute TICK chart with a 50 period ma on it. Normally when the MA is sloping down, it continues for quite a while on that trend. So that tells me lower, even if my TICK calculations indicate upside. Besides, we are still to the south side of the 50 period ma on the one minute SPOO chart and I don't like that either.... ....in a nutshell...still undecided. -Scott

To: Tom Trader who wrote (6471)	10/15/1998 1:08:00 PM
From: Nemer	Read Replies (1) \| Respond to of 44573

TT ---- The move that I saw coming a few minutes ago hasn't done much ..... SPX has gone down a couple of points and is flattening out again . My observations, based on past history and some of Patty's intuituion, is that the move was indeed downward, but due to the lack of conviction and strength and a newer (20 minutes or so) flattening and coil ..... the market really wants to go up and is very stubborn about it. The market is impressing me with this recent, steady upward moves, as you say -------- 100 points on the futures from the low of a few days ago ........ Won't really be back on line until next week, but couldn't resist the opportunity to throw out a little forecast ........ gggg Nemer

To: Tom Trader who wrote (6471)	10/15/1998 1:34:00 PM
From: Tom Trader	Read Replies (3) \| Respond to of 44573

Does anyone know what the 200 dma is for the OEX, as of last night?

To: Tom Trader who wrote (6471)	10/15/1998 1:46:00 PM
From: GROUND ZERO™	Respond to of 44573

Tom, I forgot to answer your other question, I was too excited about my new addition, sorry. The markets will never accomodate the majority expectation. I can only look around one corner at a time, but I think the markets might try to retest the lows, but I think the levels that we're at right now may actually be the lows of the next selloff, maybe even higher. Once we get on the other side of 8150, that could be the low of the next correction. The markets want to go up. Who really knows, but I don't suspect these lows we just left behind to be taken out. (famous last words) GZ