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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 (6803)10/20/1998 9:51:00 AM
From: SE  Read Replies (2) | Respond to of 44573
 
Patrick,

Between the PREM and the TICK I agree that there should be a sell-off. The thing I question is the duration and magnitude of the sell-off. The market is showing surprising up-side strength at this point. It might go back and re-test the 75 level, maybe lower, but 75 might be it. I don't know where all the buyers are coming from but I think that it just sets up a harder fall to reality....whenever that might come. I thought at the mid 900's that we were finally getting back to reality but still had a ways to go. Heck, this reminds me of July's run to new highs. I did not see any basis for it, but it sure ran like crazy.

-Scott