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Closing your short today would fit in with my perception of what the
indicators are telling me. Basically I have several Buy Alerts, not Buy
signals, but Alerts. This means the conditions are extreme enough to
support a rebound and form a short term cycle low. This is in the context
of the weekly trend still being down. The alerts would turn to buy signals
upon certain levels being hit.
BobR
http://www.oextrader.com/momentum.htm
At 08:02 AM 10/27/97 -0800, Richard C Bond Sr. wrote:
>Hi Bob,
>
>One of my accounts requires that I be outby 1: eastern time,
>and I have set to close a short today.
>
>Given the world wide rollercoaster, what do you see as
>structure of the rest of the week. (with the strictures I
>work with here, I consider several days to a week for planning.)
>
>Soon to change to an intrust account, because of the timing
>problems.
>
>Thanks
>rcb
>
>
>
>bobrabcd wrote:
>>
>> Well, the tape says it won't be a down event unless there is disturbing
>> news between now and then.
>>
>> BobR
>>
>> At 02:09 PM 10/24/97 -0400, Patrick Slevin wrote:
>> >Perhaps you are correct, but I'm gambling most pit traders won't want to
>> go home long
>> >S&P Futures over the weekend....
>> >
>> >Political climate.
>> >
>> >---PJS
>> >
>> >bobrabcd wrote:
>> >>
>> >> Unless things fall apart between now and the close, this chart
appears to
>> >> show the tuning point for today.
>> >>
>> >> BobR
>> >
>>
>> ---------------------------------------------------------------
>>
>> Name: TapeRead1024.gif
>> Part 1.2 Type: GIF Image (image/gif)
>> Encoding: base64
>>
>> ---------------------------------------------------------------
>
>--
> We create our society every time we interact with someone.
> What kind of society did you create today?
> Richard C. Bond Sr. / Seattle 1986
>
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