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

To: SE who wrote (14837)	2/5/1999 11:01:00 AM
From: Jerry Olson	Respond to of 44573

SE Hi.... we're going lower alright...all P&F indicators are on sells...however, my downside is not what everyone else is calling for right here.. the charts on the SPX-NDX-OEX were all parabolic straight up...they had to crack..but, i do not see serious damage for a complete retrace to the Oct lows..7400 DJIA... there's super support at 8650-8700 level, 1185-95 SPX--588-590 OEX...that would be worse case senario... with the coming impeachment aquittal, and a host of split plays on the Big Cappers, this selloff will not be too bad...10% would be just perfect...9650-8650...right on the number.... i'm very bullish here, and will take partial positions as we selloff on a host of quality stocks esp. the internet sector...this is now the best growth sector imo, of all sectors of the markets... as the semis selloff somewhat, we shoud buy them with a vengence, they will lead the market up to all time new highs this year... already the media and the analysts are hollaring crash! crash!...i love it!!!!!