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

To: coug who wrote (9766)	12/8/1998 12:12:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

I am still flat, but think this afternoon will be down. Not sure I could quantify it or necessarily support it, but this run is about over, IMO. Now, if Jerry keeps a waving, well, maybe we break new high ground, I don't know. Right now the situation appears that another up-move is building. I will be watching that very closely for signs of breaking down so I can get short. Still flat for now myself...... -scott EDIT - I am seeing a longer term bearish divergence on the 60 minute charts going back to the Thanskgiving weekend. It appears that this may be proven out in the next few days, and considering the focus on Dec. 10th from various sources, perhaps TH will be the day. I would think that the downturn if the pattern holds and completes would last a week at a minimum. My guesses.....if this is the case, I would also think that 1200 will hold Dec basis and that a short anywhere near that area will be successful. The roll this week may complicate things, but maybe not.....