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


To: Tom Trader who wrote (13554)1/24/1999 8:18:00 PM
From: Stoctrash  Read Replies (1) | Respond to of 44573
 
psssst...Chip & TT, US9H...1999, I know its hard to believe!!



To: Tom Trader who wrote (13554)1/24/1999 8:26:00 PM
From: Jerry Olson  Read Replies (3) | Respond to of 44573
 
HI TT Chip SE et all...

just updated the SPX-OEX-DJIA...

SPX---1225....MO NEG...1210 support, 1205 a double bottom sell signal, next hard support at 1185-95...

for the SPX to reverse up,. we would have to print 1235, this would give a 3 box reversal up, and change the current trend...from the current level...

OEX---610---598 is a double bottom sell signal, with support at 588-592, after that Qien Sabe"<g>...

DJIA--Alert MO NEG...9050 a double bottom sell signal, there is multiple support at 8900 down to hard support at 8750-00...we could see this...quickly...i would be a buyer at this level...

each chart has the look of rolling over and down, making lower highs and lower lows...the formation has not been completed in my opinion...on any of these charts...according to P&F...there's more downside...if the NYSEBP the BIG indicator turns neg, i;m gone!!!!

my feeling is if they blow off the Clinton Impeachment Wed Thurs, THAT would be the catalyst for a major rally...and we should bottom right before that...i'm currently holding Feb 600 puts....

anyway i sold almost all of my positions on thurs & fri...looking to sell naked puts on some major stocks when this reverses...

there has been alot of selling into strength lately, however mucho bucks out there on the sidelines...looking for a home...

the internets are in play again..large....!!!!!...:>}



To: Tom Trader who wrote (13554)1/24/1999 9:09:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
>>Chuckle<<

Hey if your doing okay with US8H.....keep at it. >>smile<<
Thank You

I have note.....that off that 1/11 High a fork projects that
Monday 25th at 10:45 there will be a maket reversal in the SPX.

#1 Move down at the open and continuing down into 10:45 the market
should reverse and go up to some degree.
#2 Morning Sell off and the market is rising with some force into 10:45
you would see it continue down.
#3 If for some strange reason you are wrong and the market is going
up.....and rising into 10:45 it should reverse and go down.

Usually Time projections seem to bring a revesal of some degree.
Sometimes the market pauses or reverses slightly and continues the
established trend. There maybe more to them, but that's what I've
seen happen so far.

Will be interesting to see what happens.....
Chip