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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 (7431)	10/29/1998 7:20:00 AM
From: donald sew	Read Replies (1) \| Respond to of 44573

Patrick, >>>> So you gather the upside is the path of least resistance? <<<<< At the 8300-8400 range I feel that we are at the lower end of the stairstep so the upside has less resistance. Right now my short-term technicals are oversold for the DOW but overbought for the NAZ, and the SPX is in the middle. With such a large divergence between the DOW and the NAZ, I am uncomfortable to initiate a new position in either direction. I would prefer to have a situation where the DOW is oversold and the NAZ/SPX in the lower mid range(or lower) before going long. Seeya