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

To: Patrick Slevin who wrote (9050)	11/27/1998 9:04:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

What a beautiful morning. The temp is a crisp 28 degrees, there is a layer of frost over everything and the air is absolutely still. Just gorgeous. Now if there was a hint of a wind, I would be complaining about the cold, but without any wind it is a sight to behold. Anyone trading today? I will be watching to see what happens. I think we are possibly near a top, but don't see confirmation yet. GZ's A/D indicator is still pointing higher and that obviously contradicts my feeling of us topping out near term. I was looking at a chart yesterday and a trendline can be drawn through the Oct low to the Nov 12/13th low. On an arithmatic chart the line is holding prices fairly well, but on a logrithmic it appears the violations are a bit much. Don't know what this means exactly, but I will be watching this for further indications as well. -Scott -Scott