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

To: Stoctrash who wrote (6622)	10/16/1998 1:58:00 PM
From: donald sew	Read Replies (1) \| Respond to of 44573

Hi Fred, UPMO has weakened a little more. Subjectively, it appears that there is still alot of dip buying. Each time the market dips, it bounces back, but the HIGHS are getting a little bit lower. I think this market needs a few days of girating so the influence of the RATE CUT yesterday, will lose some of its strength. About a week or so for the RATE CUT NEWS to be absorbed into the market, and not be so fresh in everyones minds. Not sure if we will have a big selloff, but appears that the market should close off its highs. Seeya