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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 (15218)	2/10/1999 3:20:00 PM
From: steve susko	Read Replies (1) \| Respond to of 44573

Hi GZ, terrible A/D, and negative tick all day. Not much buying into this decline.

To: GROUND ZERO™ who wrote (15218)	2/10/1999 4:18:00 PM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

>>The longer it hangs around these levels, the more likely we will see further price erosion.>> Yep...same idea here. If it breaks, it will be like a satellite falling from orbit IMO. 1200 - 1196 SPX imo..via a quick daily chart look.

To: GROUND ZERO™ who wrote (15218)	2/10/1999 5:40:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 44573

GZ: < The longer it hangs around these levels, the more likely we will see further erosion.> IMO your right on the money there. I see a Bear Market formation taking shape right here and now in its earliest stages. For true confirmation ( and an outright sell signal ) I need to see the A/D line deteriorate further. I'm looking at Moderate Institutional Selling here. The Retail Investor does not believe that the Indices can fall more than 20% and stay down below that level for any extended period of time. A slow grind down is very possible here with the buying of the dips strategy ingrained amongst many. This Market is Bleeding.... The Bear is nibbling. Why do you think that 8500 ( if we get there ) would represent a great buying opportunity? I see a very quick and short Bear Market Rally from that level: Good to 9000-9100 at best.