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

To: Chip McVickar who wrote (13399)	1/22/1999 11:57:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

Chip here's my read as of now... SPX, support 1210, 1205 is a double bottom sell signal...the P&F chart looks like decending highs and lower lows, like a roll over chart..good support 1185-95 area... DJIA--hit 9100 good support, 9050 breaks a double bottom, sell signal and it looks like the next "real" support is 8750, with all the numbers inbetween helping.. OEX--600 support, 598 a sell signal, next target 590ish... all these charts are making lower highs and lower lows obviously...all look like they are rolling over and down...where they stop who knows... if we fill that gap we'll go positive on the market today, but don't know if it will hold later...