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

To: Jimsy who wrote (24139)	5/24/1999 3:31:00 PM
From: Gary E	Read Replies (2) \| Respond to of 44573

Just got back in to Leo, and it still looks like it could go lower. But what is the chance of a late rally ?

To: Jimsy who wrote (24139)	5/24/1999 4:20:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Dow 50 sma = 10400±....It crossed in Oct98 at 8100± and has stayed above since 200 sma = 9200±....It crosses 1st Nov98 and was touched only once.... S&P 50 sma = 1325±....It crossed at 8100 in Oct98 and was briefly broken once... 200 = 1175±....It crossed in late Oct98 has never been touched. Looks like the market is at a significant area once again There's a pretty good chance the 50 will hold? Unless some bad news comes along to changes investor confidence. Good call on your short... You have a good evening Chip