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


To: Jerry Olson who wrote (14836)2/5/1999 10:44:00 AM
From: SE  Read Replies (1) | Respond to of 44573
 
My current read is that we are going lower now, not higher. Any bounce, especially one to 1260 I think should be shorted.

Not sure we will get there, but if we bounce, this is a good spot to be bouncing from....

EDIT - Nice bullish divergence on the SPX 5 minute chart...it could carry us for a bit....



To: Jerry Olson who wrote (14836)2/5/1999 11:20:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
Excellant Jerry,

This is also a due date for OEX,DJIA,TRANS,NDX
Same thing holds true could be off a day.

Well see what happens over the weekend if 2/5 doesn't produce
anything substantive. These are the longest t-proj's I've ever
plotted....don't realy know what they will produce.
Also this whole week could be a pivot and when we look back 2-3 months
we might say "GEE" look at that...

I'm short 2 [paper] from 1277spx and added 2 yesterday

P&F stuff seems very reliable....Nice to see it often corresponds
Good Luck