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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 (15164)	2/10/1999 3:09:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 44573

Tom, Thanks. I think the market can do one of two things here: 1) rally for a day or two, or 2) trade sideways for that time. If we trade sideways, then we're going much lower, and I think that will be the case. The chart of the SPH that Frank posted shows how the price penetrated the mid line. It should have turned around yesterday and closed positive, or even today, but it didn't. That tells me that the longer it trades sideways, the more likely we're going lower. I'll then be adding new shorts. I'll surely keep you posted. I'm still short the bonds. Later..... GZ