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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Mary A Young who wrote (19341)	3/25/1999 12:30:00 PM
From: Nemer	Read Replies (1) \| Respond to of 44573

Hi Mary --- My entire outlook is rife with scalping coloration. I can't see past two hours now ..... gggg So when you ask about the market for today, I'll defer to Cousin Ike and here were his comments earlier .... >>>>>> I am watching this rally, is it a short covering rally or a real one, I would stick to my observation of the morning, if BKX stays above 850 and NDX stays above 2005 and 2003 the 20 days MA and 50 days and if it stays above 2015 today the whole day it may drift to 2003 but I think this new buying it is not short covering rally, the leadership is coming back and that is a sign one cannot ignore, but keep a watch on 2015 on NDX and first sign will be composite 2400 around 2388 break I will ignore, also OEX 638 is critical...But to go higher take care of lower levels that is art one should not forget.. A bounce off a support and side way trading pattern with higher lows and yesterday low is higher than the low in mid feb and early March indicates to me a positive sign and good building which may translate into very strong move on a break out of 2150 NDX.. so keep looking.. <<<<<< I've found his thoughts and figures to be very accurate. Glad that you will "let me bring in the water from the cistern" but feel it only fair to warn you that waaaaayyyy back long ago that Sister Angelicia took that duty from my assignments. I'd sometimes get lazy and bring water from the pool (it was closer)and I didn't have to climb a ladder---so one fatal day I scooped up a bucket from too close to the shore and got a tadpole or two ....... he he he ... still remember THAT correction with the board of education she kept hanging on a nail behind the bookcase ..... so, if you say --- go get the water, --- I'll go get the water. SI has been so slow today that I'm leaving until after lunch --- it is taking me over a minute per post to pull up now and seems to be getting slower. Later Nemer