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

To: GROUND ZERO™ who wrote (23686)	5/19/1999 9:00:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Well.....GZ, You've got a strong fork off the 5/12 low with the median line looking at 1370±. I should think that will be an important area. It will be a double top even a triple with a narrowing time spread. It would also be the expected retracement to the lower tine off the sept/oct. I would think any movement from there will produce a clear signal. You could see it tomarrow? However, it looks like some more bad news is needed to alter the flow of money. All things considered...you're signals have put a finger on a critical point and window for these markets. Chip

To: GROUND ZERO™ who wrote (23686)	5/19/1999 10:31:00 PM
From: Patrick Slevin	Respond to of 44573

Well it's been a screwball week. Trivia: Yesterday was only the third time the DJIA had (intraday) a 100 point loss or better, 4 days in a row. This is unusual stuff. It will throw a monkey wrench into any A/D Line you can think of. Larry McMillan went Short Monday based on his interpretation of the A/D. Me, I think tomorrow is solidly Bullish as the Smart Money kicks it up a notch and get their butts out of the market before expiry and then Friday becomes a non-event at best. Forget not, that we had 6 straight weeks of positive Friday DJIA weekly Closes, a rather rare event. ----lessee, what other sage stuff can I mention---- Eh, nothing. You are the position dude. Me, I would like a slam lower. Breaking 1325 gives me 1293. I like 1293. As I recall, it closed at 1293 on the last day of March. There is my number. At this point in time I would like to be positionally Long right into Contract Expiration at or below 1293. Statistically speaking, the Close on March 30 buys a fair profit by June 7. Seasonal stuff. I like Seasonal Trades, and, I bet a lot of other people do as well.....if you catch my meaning, if you get my drift.