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


To: GROUND ZERO™ who wrote (12502)1/11/1999 9:20:00 PM
From: robert b furman  Read Replies (1) | Respond to of 44573
 
Hi GZ,

Sure looks like there was a bleed from nyse to the naz. I guess it just takes a lot of money to squeeze the shorts as hard as they must be getting squeezed. Three out of seven shares were up in the nyse.
Up volume in the naz was 2 1/2 times down volume.

new highs on the naz tripled to 190
new highs on the nyse were cut in half to 54 from yesterdays 130.

Safe to say everyone's bitch about this market being concentrated on the nifty fifty is quickly evaporating.

adv/decl led in the naz and got thumped 11 to 20 in the nyse.

With a rotation to small caps or mid caps are there options on the russell 2000? or some other broad based index ?

If this trend continued , what futures contract best reflects a rotation down to the mid/small cap stocks ?

If it is the spoo - YOU THE MAN !

Lets see 8 x 250 each point = $2000 x20-25 points 40-50 swings.

Almost like owning a lot of stock.

Ride with confidence we have tech/internet/global world tiger by the tail.

Bob



To: GROUND ZERO™ who wrote (12502)1/11/1999 11:25:00 PM
From: Stoctrash  Read Replies (2) | Respond to of 44573
 
GZ..fwiw, that ADsto thingy with all its' added filters gave a sell tonight on the SPX....now I believe that IF the market were to rally ~ 4 spx points tomorrow AND we'd need 4 or more issues more advancing than declining -(talk about nitty gritty) it would get long again, but I have to check on all the specifics and see if I'm looking at them correctly. It got long on Dec 11th....and made 16.1% using the ULPIX fund on this last trade.