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

To: Tom Trader who wrote (9917)	12/10/1998 2:00:00 AM
From: Suresh	Read Replies (1) \| Respond to of 44573

Hi Tom, IBD's market direction reading usually has been pretty good in catching good market moves. Their reading is suggesting a very defensive position with sell kicking in if there is sustained downward move with increased volume. There are lot of IBD followers among institutional and retail investors so .. it may come true. Personally I think we will have the biggest distribution day when the impeachment issue is decided. OJ got lucky... esp. with only first tier internet stocks in the list. Internet sector has been pretty good to both bulls and bears this year. Bulls had it easy but bears had to really time it well. Regards, Suresh

To: Tom Trader who wrote (9917)	12/10/1998 6:53:00 AM
From: GROUND ZERO™	Respond to of 44573

Tom, The weather was perfect during the day, the nights after dark were foggy, but we were on a cruise ship so it added to the charm. Agreed, the numbers will become squarely in the negative column if today isn't a whopper. Often the numbers cross over into the negative for a day or two, as it did a month ago, then resume the trend. The same is true for a lengthy decline where the numbers cross into the plus side for a day or two. This needs to be faded some how to avoid a possible whip. I look at the fork and the general chart pattern to provide some indications during those times. Later... GZ