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

To: Jerry Olson who wrote (8592)	11/14/1998 10:03:00 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 44573

OJ, You assessment is consistent with mine. The fork only looks for the extreme ends of any move, there'll be support and resistance all along the way. Putting the fork aside, DELL does look like a strong stock. If we ever did sell down into the 40's, I'd buy at about 48 based on the fork and not expect to see 41. Let's hope that's just academic right here and it won't happen. <g> I also think these markets are now ready for the next leg up, any negative news from Greenspan I suspect will have a temporary effect on these markets. Analysts will probably then say, well, the markets really don't need another cut and it's strong on its own. Who knows, but it should be interesting... My Best Regards. GZ