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

To: donald sew who wrote (9787)	12/8/1998 3:00:00 PM
From: Patrick Slevin	Respond to of 44573

One thing I just looked at was the A/D which GZ is fond of. My numbers, which are different from everyone elses' but I take them from the NYSE page so I am comfortable with them, they tell me that the advances have to be more than 89 higher than declines today for the longer term line to stay positive. A larger group of people looking at such an indicator could put a damper on up moves. Also, the gap open last week both in the Cash and the spoo will certainly be a magnet and now that the market dropped quit a bit here the magnet is more attractive. Cash gaps tend to fill very quickly anyway, I think I noticed that last week when it happened and mentioned it; I'm not certain. It would be preferable to the smart money, I think, to get that out of the way prior to the run for the roses into expiration. But December is a flaky month no matter how you shake the dice cup; I still like the Wednesday/Friday morning setup to be bullish from a pattern read but it really is a tough, tough call at this point after this afternoon's correction, is it not?