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The cash market is well above the 200-day and traded above the 50-day
but did not close there yesterday. I think those numbers are more
important than the futures which are distorted by the interest rate
component.
Steve
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
url: http://www.poserglobal.com
email: swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Sent: Thursday, October 07, 1999 9:37 PM
Subject: sp500
> j: sp500
> Date: 10/7/99 9:34:14 PM Eastern Daylight Time
> From: Proffittak
> To: realtraders@xxxxxxxx
>
> hello again
>
> sp is trying real hard to get over 50 day and 200 day m/a
@1338-1340 area
> McCllulen osc was showing a bullish divergence
> and new lows are decreasing
> i suspect we penetrate and close above 1340 soon
> big question then is: are we on our way to new hi??
> i suspect we get the answer AFTER expiration
> (i personally did an anticipate a trend instead of waiting for one
to
> develop and lost 24 points)
> happy trading
> Ben >>
>
>
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