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To: IQBAL LATIF who wrote (21873)12/10/1998 10:36:00 AM
From: James Strauss  Respond to of 50167
 
Ike:

We may get a short term market dip... The McClellan Summation Index is dipping...

decisionpoint.com

Look at the black line chart... You can almost draw a trendline connecting the peaks that are trending lower... In a healthier market the index would have broken through this trendline to the upside... Instead, it's bouncing off this trendline to the downside...

Jim




To: IQBAL LATIF who wrote (21873)12/10/1998 1:28:00 PM
From: Jerry Olson  Read Replies (2) | Respond to of 50167
 
Hi IKE

everybody on the Systems thread got sell signals today..

i'm out of all options, incl. the OEX..still holding shares though..

downside target's 1155 to 1135....but we could reverse off 1155...

DJIA printed 3 box reversal down, good support 8800...could break to 8300......SPX broke 1170 should head to 1155 first...