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

To: Bull RidaH who wrote (24515)	5/31/1999 3:42:00 AM
From: Arik T.G.	Respond to of 44573

David, I think 1260s in a couple of days, and then the limping rally like Tokyo in Jan - Feb 1990, and the S&P in September 1987. In both cases it took 31 trading days from top to the beginning of the 3 (crash phase). If same happens now, then Monday, June 28th, is the day to be short in, and stay short. On 9/22/87, the S&P jumped 3%, so IMO staying short after the next couple of down days is not advisable. I would expect the S&P to try 1320s level before the crash phase begins. Very choppy. ATG