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

To: Jerry Olson who wrote (10009)	12/10/1998 9:24:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

Yes, I have. I don't know much about W's, but heck, I still think this thing is going to break. If you want an interesting observation, put the SPX up on a 30 minute chart. What do you see? Another W? I sure do and it looks like the same W pretty much. We are breaking down from this short term W. If we break 1150, I suggest perhaps we go back to the old lows and GZ gets his round trip. Here is what I see for tomorrow. I pop up in the morning, maybe till noon time to resolve some bullish short term divergences that have krept into the picture. The pop might only last till 10 or 11 cst. Then back to the downside. This goose is cooked. I thought that a few days ago, and I think so even more now. Patrick might be right and we get an explosive upside move and if that happens there will be no better time to get short in my opinion. I do not see tomorrow ending higher or even trending higher all day, just higher in the am. If we can climb back to 1174/1175 SPX, it will be time to short.