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

To: donald sew who wrote (23145)	5/14/1999 9:05:00 AM
From: Patrick Slevin	Respond to of 44573

Unfortunately I have to run out but I would be buying this dip myself on the spoo with a target of 1370, 1372 then I would reverse into a Sell shortly after. The two things that have been bugging me ... One, the very rare situation of the Dow Closing net positive on a weekly basis the past 6 weeks in a row and Two, even using very quick Moving Averages (my fast Daily one is 8 day) the SP9M was way ahead of its averages. The 8 day yesterday was 1355 I think, with the market at 1380 those 25 points had zip for support amongst the averages. This Globex drop merely kisses the 8 day average....big whoop de doo. See you Monday perhaps, good luck today.