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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 (9849)	12/9/1998 8:55:00 AM
From: SE	Read Replies (2) \| Respond to of 44573

You just answered the question I was posing to you. Over 1200? WOW. Well, as Jerry would say, why not?

To: Patrick Slevin who wrote (9849)	12/9/1998 10:22:00 AM
From: Tom Trader	Read Replies (3) \| Respond to of 44573

We've tried two times to take out the 1195 level and I suspect that if we get there again over the next day or two, we will take it out Thereafter how much additional upside there is remains to be seen -- momentum has been slipping and I suspect that unless things turn around markedly, we will see only a nominal move over 1200, if we get there. What is encouraging today is that the BKX has been showing some signs of recovery -- Ihave found that any upward move in the futures that is not accompanied by strength in the BKX is likely to be short-lived. The BKX gave a sell signal yesterday -- a buy signal could occur today and if that happens I'd have a much higher level of confidence in the potential for a decent move in the spoo