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

To: SE who wrote (7032)	10/22/1998 2:40:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Scott--between yesterday and today, I am at a loss as to what this market wants to do. Going to the mid 90s is fine with me -- it would give me a better entry point in terms of shorting it when I get the signal to do so. Now a couple of closes over the 200dma--and I'd wonder how much higher this is going to go before it corrects. This Bradley turning point thing has worked well the past two times that I have followed it and the 28th is the day for the next turn -- but who knows how much higher we'd be by then. I seem to be reading more and more about this 1130 level as being in the cards--the target that Iqbal posted a few days ago. Hopefully, it'll happen after we pull back some. At one level if it wants to stay congested for the next four weeks in the 520s on the OEX it would suit me fine--but that would be too much to hope for. I still think that Don Sew's sell signal will come to bear fruit sooner or later.