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

To: SE who wrote (8605)	11/15/1998 1:47:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

SE i have one eye on the awful Eagles...sheesh they are bad... and i just took a peek at the SPX on Dorsey...i couldn't use your chart...here's my analysis..... The SPX came off 2 bottoms at 1060 and held, excellent support...it ran up 16 consecutive boxes(these are 5point boxes), to its recent high of 1140...it just reversed down 4 boxes to 1120 on a print basis... SE if we power up here it must break 1145, for a Double top buy signal ...if it fails near term we could head alot lower...we are sitting at 1125, we need 20 points on the SPX to do this...just 200DOW points I guess...and it does not have to be on a closing basis... first support at 1095 on the way down, second and better support 1060... next week should be a doozzie!!!!!!!.........:>}