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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 (16246)	2/21/1999 5:41:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 44573

OJ: While I'm still in negative mode, the McClellan Oscillator is beginning to move up... decisionpoint.com The nature of this bottom is broader than the previous spike bottoms... This along with the stubborn tenacity of the indexes to hold their support levels may give us a bounce this week.... Jim

To: Jerry Olson who wrote (16246)	2/21/1999 8:49:00 PM
From: Patrick Slevin	Respond to of 44573

<all of a sudden people are thinking a big rally> Nah. Too obvious. They fake 'em out first with a drop then run it up. Early 30 minutes or so uncertain, then drop with a rally. Probably the early stuff is an OK Sell, then once it levels off you take it Long into the rest of the day and step aside if it gets flakey late. <all of a sudden people are thinking a big rally> Nice, but not supported in the rags. I would love to see that in the WSJ or somewhere so I could get a clue but a bunch of people talking at cocktail parties ain't the contrarian indicator that I would look for. I don't really shop around SI for a taste of opinion so I cannot say what the SI crowd thinks. The stuff I like to see is a spread on Cohen or Garzarelli or someone like that who comes out and boldly pronounces "All Is Well". There is a Golden Sell Signal. Else it's all just noise. For every mook that tells me it's going up there is another mook that says it's going down. I need an AG "Irrational Exhuberance" speech or something like that to really get postured one way or the other.