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Today's early run up in the major indices is more than likely short covering
from the better than expected jobs data. If you are wonder how the day will
fair. Watch the A/D ratio and the Up / Down vol. ratio on the NYSE. If breadth
begins to deteriorate look for the indices to follow. Also this is Friday many
are not willing to hold over the weekend. So the chances of a down day are very
good today.
Harley
Peter [ KKD ] wrote:
> refer to my second post...... where have you been, a 10 point gap opening is
> nothing these days, (not implying that it will be closed ) ... . If we miss
> a rally "launching" in next 24-36 hours, the current record highs will be
> the highs for next few months...... Thats why I said "virtually", as a small
> opportunity exist here.................."Why ? ".....based on my analysis
> peter
>
> -----Original Message-----
> From: Tom Alexander <gta3@xxxxxxxxxxxxx>
> To: derivatives@xxxxxxxxxxxxxx <derivatives@xxxxxxxxxxxxxx>; RealTraders
> Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Saturday, 5 December 1998 1:49
> Subject: Re: s&p
>
> >Why? Based on what? It's 9:46 am EST and apparently "reality" is about to
> >overcome "virtual reality". At this point unless we see the mother of all
> >reversals perhaps you might care to revise your forecast.
> >
> >Regards,
> >
> >Tom Alexander
> >
> >----------
> >From: Peter [ KKD ] <derivatives@xxxxxxxxxxxxxx>
> >To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> >Subject: s&p
> >Date: Friday, December 04, 1998 3:13 AM
> >
> >final rally potential has been virtually eliminated
> >peter
> >
> >
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