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

To: steve susko who wrote (19488)	3/26/1999 6:28:00 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 44573

Unless we see the recent lows taken out, I'll hold my long position. Today, I'll have orders to buy one more at 94, 84, 74, and 64 today only..... and if all those positions are filled and we close solid, then one more on the close..... a total of six. The market bounced very strongly off that last fork median line and the a/d has given the best reading since January... I think we may see a powerful thrust upward within the next few days. Here's why: This is the end of the quarter, and portfolio fund managers have to do some window dressing to make themselves look good to their investors... they'll be buying the outstanding performers in the SP500... also, the first week of April should see buying by pension fund managers who look to add to their funds during the first week of every month... that money comes from employees who have money taken out of their pay checks each time for their tax shelter annuities..... all in all, there ought to be upward pressure on the equities for the next week or two, and if the a/d actually turns positive, then we'll have a big rally for a month or more..... so, those are my immediate thoughts FWIW..... GZ