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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 (8155)	11/9/1998 2:37:00 PM
From: donald sew	Read Replies (1) \| Respond to of 44573

TOM, UPMO is quite weak with the most recent reading of .30 and DOWNMO at .60. The tick is relatively flat and the DOW is down 90. If they let the tick get below negative 500-600 we could be down alot more. It becomes a question of letting the tick get that low - I sure dont know. Are we going to get the normal late day rally or a greater selloff? I am also looking to go long if the market gets closer to the 8700-8800 range, and let it run up into the FOMC meeting, at which time feel there will be some sort of a sell off. seeya

To: Tom Trader who wrote (8155)	11/9/1998 2:44:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Well, back on a short term sell. Bounce, if we get it, should take us to 31.50/32.00 at which point a short would be in order as long as the TICK remains below 0. Target would be 28/29 range once again. I think if it breaks that range, 20/22 is probably doable. It would be nice if we can cap this downturn off with some real negative TICK numbers and a -28/-30 TIKI and real low PREM. Would add some confidence to thinking about going long.... EDIT - Target adjusted....31.00 will probably be about it.