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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: backman who wrote (9217)	2/25/1999 11:19:00 PM
From: Thomas Sterner	Respond to of 43080

Watch List 2/26 Add: DSTM 9 13/16 ORCL 58 PMRY 22 Still Bullish: PSIX 35 3/8 SYKE 28 (not touting, not compensated, just suggesting ;>) Scott, swimmers shaving their heads must be a swimmer and basketball thing. They do it where I live too. Maybe we should start a hats.com? Tom

To: backman who wrote (9217)	2/26/1999 7:35:00 AM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 43080

Backman, This looks familiar. Kind of like the construction of TRIN as described by Dr. Alexander Elder in "Trading for a Living". Is it a fairly good predictor? I subscribe to TradeHard.com and they have some directional indicators to predict general market directional bias, but other than that, I'm not really benefiting much from their subscription so if I could get a few of my own indicators going (like your TRIN, an RSI on the indexes, the S&P futures (assuming I can get fair value somewhere) I could drop the subscription which is more or less a website full of ads for the products and systems of the principals. Matt

To: backman who wrote (9217)	2/26/1999 10:07:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 43080

"tomorrow looks upward, maybe 75+ pts" I don't think you are interpreting the data the same way I do. the short term selling is far from satisfied. The weakness in the bond market will continue to propel the market down, and the lack of fund infusion for the last 4 weeks is even more pressure. Although I do believe we are just in a correction and not a bear downturn, we are going to have to test the local low of the 1215 range before a rebound wil occur. ls