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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 (6760)	10/19/1998 3:00:00 PM
From: donald sew	Read Replies (1) \| Respond to of 44573

TOM, Yes, it is a CLASS SELL signal. There is only a slight chance for it to go higher. If you saw my index update, I felt that there will be a dip starting as early as today or tomorrow, but that the downside will be limited and maybe only a intraday play. Then a bounce to retest the highs again. If the HIGHS hold then it will form a DOUBLE TOP and the subsequent decline will be larger. IF the highs do not hold to the upside then the DOW should run to 8600-8700 range, but will still pull back. Just checked and the DOW is at 47 and moving down. Looking OK so far. seeya