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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 (10241)12/14/1998 1:24:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
If that report on put accumulation is correct there just may be....

But I would think it will wait until tomorrow. I'm real sorry I didn't sell a few Dow Contracts this morning and just forget about 'em.

I don't think people will be thinking to get long for a morning rally though. If I were long I would want to be out just before 4:00 because I don't think the action warrants a sustained late rally into the Close.



To: Jerry Olson who wrote (10241)12/14/1998 1:24:00 PM
From: Tom Trader  Read Replies (2) | Respond to of 44573
 
Not me, OJ

I think that the way to play this is on the short side -- but then you know that I am influenced a lot by by my system signals.

Look at it this way -- at some point we should get a great buying opportunity -- but I'd like to see sentiment get a lot more bearish before I get on board buying stocks. Between GZ's system and the P&F stuff, we should be able to time it--I hope. Iqbal's bhumbo indicator should be another one to watch!



To: Jerry Olson who wrote (10241)12/14/1998 1:37:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
I was just talking with someone who knows the pattern techniques (that I use) better than I,

He thinks the bottom was at 57 on the spoo and it will bounce until 3 EST then sell off.

Just an opinion for you.