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

To: LastShadow who wrote (10641)	3/16/1999 7:18:00 PM
From: LastShadow	Read Replies (3) \| Respond to of 43080

Some thoughts Due to options and futures expirations this week, a typical jump in prices could cause the buy signals to be triggered at a time when buying risk is very high. Bullish complacency continues to be exhibited in the Arms index numbers. We've been hovering in slightly overbought territory for seven days. I can't figure out if this is a pause before moving into very overbought territory in a spike up, or a sign that the market is too tired and complacent to move much higher. Volume is not impressive. the huge 7 billion in money markets is still there and not buying yet. I can't imagine that they will buy given the other indicators, especially before options expiry. The rest of the week should be interesting.