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

To: Brian Hornby who wrote (13394)	1/24/1999 10:04:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 44573

Sorry for the late response Brian. Formerly P&F Madness, I'm going for a new look. Our short term indicators have turned bearish. Our long term indicator is still in Bull Confirmed and until it reverses down, we remain long term bullish. However, with the short term indicators in O's, we are tightening up our stops and only buying positions that have pulled back to support, out performed the market, fundamentally sound and all around peachy kind of stocks. The DJIA is at a support level on the chart and will break that support at 9050. If so, the next level of support is at 8700. The Nasdaq is still way above support levels and will not break until 2200. The momentum is negative for both. Be careful out there. Jan I am