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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 (9164)	11/30/1998 11:06:00 PM
From: Brian Hornby	Respond to of 44573

Certainly hopefully informed guesses are all we can do. I agree that a big drop is likely not in the cards, though this is just my feeling. I find the new rumblings out of Japan vaguely worrying though, as investors may be reminded sometime that Asia actually still has problems and they can affect us. In any case, the 1125 level, if it hits it in the next few days, might be a good entry point for a positional play IMO. On another note, Favors has gone bullish and will buy at 8992, which I think will hit near your 1138 level... Message 6617787

To: SE who wrote (9164)	12/1/1998 7:57:00 AM
From: robert b furman	Respond to of 44573

Hi Scott, I think you are correct to think there are many people who did not jump on this rocket in the beginning.Most of these people are trained buy the dipsters (jmho).This latent purchasing power should provide strong support as this pullback reaches a bigger % decline.Guessing the middle tine would be initial entry point and midway between middle tine and lower tine is where real money will come in.(for a greater bull this must hold ) Historically this should be a great place to releverage paper profits from purchases made in august - september.(Assumes this relief rally will lead to new highs ). Market breadth over last 7 weeks suggests more to come , if buy the dipsters show a bounce at support levels. FWIW, my seat of the pants gut check suggests it is to be. BWDIK Bob