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In the FWIW department, my midterm indicator alerted a change in
market from bearish to bullish last Friday and turned bullish at
the close on Monday. I went long on Monday at the close.
Ned Markson
http://users.erols.com/cnedgo/123.2297/fcst61.htm
swp wrote:
>
> 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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