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


To: GROUND ZERO™ who wrote (8451)11/12/1998 10:08:00 PM
From: Brian Hornby  Read Replies (1) | Respond to of 44573
 
GZ - Let me know when you think of shorting crude. I am long heating oil and plan to start scaling out soon. Much depends on Iraq action and these sort of sabre rattling rallies tend to be sold IMO. Unless of course they really do something and then we can short that rally later. Brian



To: GROUND ZERO™ who wrote (8451)11/12/1998 10:46:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
Appears you, or your work, is getting a following

Message 6399165



To: GROUND ZERO™ who wrote (8451)11/13/1998 2:11:00 AM
From: Chip McVickar  Read Replies (2) | Respond to of 44573
 
Good Morning GZ,

Earlier in the week you gave an A/D reading of 8536...I believe it
was off the close on monday 9th. At that time you expected the A/D to
begin tailing off towards 3300 and a sell signal by the middle of next
week.

On the close yesterday my A/D on the day was 1337/1661
25 day accumulative reads 43,173 and 33,177 for declines for a + 9996

Do these come close to your figures..?
And does this rising A/D change your position on any opportunities for
weakness in the middle of next week..?
Thanks
Chip



To: GROUND ZERO™ who wrote (8451)11/13/1998 9:57:00 AM
From: Tom Trader  Read Replies (2) | Respond to of 44573
 
GZ--I got a sell signal and am now short the bonds at 127 18

Closed out the long for a profit of about 1/2 point

Still short the yen, at this point

Re crude, it's been a while since I traded it -- I personally would not short the spike but only because during a period of uncertainty one never knows how much a market can run. When I used to trade the crude, I used the same system as for the other markets and it is presently on a buy signal.

Re stocks -- the lack of upside momentum is rather disconcerting -- given that it has now had several days to consolidate its recent gains, though at the same time I don't see any significant selling pressure.