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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 (22344)	5/5/1999 2:22:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 44573

I think we hit bottom... now lets get this rally under way before I start SCREAMING!!!!! Ah, I feel better now..... GZ

To: Jerry Olson who wrote (22344)	5/5/1999 3:03:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 44573

Hmmmmmm..... Employment figures...well if they aren't off the wall the players may ignore or just absorb them. Yes, seasonal employment highs begin to approach...house building, manufacturing, vacation industry, farming, etc....but except for farming everything was strong all year due to the mild winter and demand. It's a hard call....any flat or weak report will send the markets up. I believe I'd wait until after the presentation before talking a major position....even with missing part of the move. Unless you are already entrenched...then you gotta be nervous. I was long on paper from 1300spx, but all of these positions were taken out with this move down and my signals would have put me modestly Long of this double bottom in all the markets. So before taking on more positions....I'd probably wait and day trade the swings....Just a thought. How about you Jerry...able to save some profits from your Longs? Chip