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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 (7941)	11/5/1998 4:04:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Sometimes too much info is a bad thing. I was just a bit amused at the thought of buying the 28 level where I was burnt yesterday. I happened to glance at Williams stuff and he was saying the buy would be at 27 or lower so I thought about it....just that much hesitation and it touched 27.50, I think and moved back into the 30s. So, I never fleshed out any more of the position. Too bad, Any entry was a good entry below 30.

To: Tom Trader who wrote (7941)	11/5/1998 8:38:00 PM
From: Suresh	Read Replies (1) \| Respond to of 44573

Hi Tom, don't you think if we just keep on rallying taking out almost all overhead supply, at the very first sign of trouble those who missed selling at the top before would be the one to pull the trigger? It is an astonishing rally... even minor dip is being bought. So, I am thinking that most of the buying pressure would have eased when we retrace all the way to top and there may not be many buyers left for minor corrections afterwards. Then again.. if they keep pumping money to the economy we may have more money going into the market and it does not matter. I just checked the specialist and member short position and it is way up! I am pretty sure somehow many of them will come out ahead in the end. Regards, Suresh