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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Gary E who wrote (18514)3/12/1999 3:53:00 PM
From: Patrick Slevin   of 44573
 
Lots of money in MS work; particularly for the owner but the upfront money is a real bear.

One clue to excessive TICK is to be careful on the days after it shows unusually High readings. Most experienced people will tell you that once TICK shows an extreme Intraday Reading of -1400, for the sake of argument, expect the next day or two to chill a bit.

Don't believe it. Expect -1600, -1700 over the next two days. It happens and you are better off missing a lucky trade because the odds on bet is you should not take that trade.

If anyone wishes to disagree on this, please do it tomorrow. I'm not up for a discussion on it at the moment.
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