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

To: TradeOfTheDay who wrote (6909)	10/21/1998 12:07:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

>>I know you're usually right... Far from it--just my read for now Re the big drop for next week, I think that Favors, Fred's guy and your guy are saying the same thing and so I'd say that we will see some sort of a major move around then -- but it could be an inversion that occurs. I went short a bit too soon--and may have to close out the trade if it does not come together soon.

To: TradeOfTheDay who wrote (6909)	10/21/1998 12:09:00 PM
From: donald sew	Read Replies (1) \| Respond to of 44573

Bev, I was a bit surprised that when the TICK got as low as negative 100 the DOW was only down 55. On the reverse side, when the TICK just went into positive territory the DOW is not really moving up that much. I think we could close flat (plus or minus 50 points). If the market does sell off stronger intraday, I am expecting a dip buying to step in, not to allow the DOW close too much in negative territory. Seeya