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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 (14546)	2/2/1999 8:06:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Hey! Did you check with Plonk first? You best be careful! I was not impressed with the sell-off either. However, it did start at 1290 and carried all the way to 1252 in the matter of a few hours....so that in itself is fairly impressive. The bounce is no big deal, after a sharp decline like that it should be expected. Heck the retracement was 50% of the decline and should stop between 1270 and 76 would be my guess. Maybe I am convincing myself that the sell-off did/does have a good start after all. Heck before this post, I was on your side....sorry, I converted myself. More selling to come. -Scott

To: GROUND ZERO™ who wrote (14546)	2/2/1999 10:46:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 44573

Hello GZ, iqc.com . The M-tine here held the market on 2/2 Spread: 1/4 Low to next High M-tine the High before 1/4....sitting at 1246-48 cash on 2/2 L-tine about 1215-18 cash You know...your right...given the volatility of these recent markets this was not a very impressive sell off. If Globex is weak tomarrow we might see 1215-18 Or better yet: There's a M-tine off the 1/19 high, crossing that lower one 1215-18 They should cross about 3:00 to 4:00 on 2/3 If it gets to that middle tine, a nice set-up.... If the price is close to that cross, excellant point for the next leg up. If Greenspan raises a .25 these points at 1215-18 will not hold.