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

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To: Patrick Slevin who wrote (1989)8/18/1998 11:27:00 AM
From: Tom Trader  Read Replies (1) of 44573
 
>>90 is the level I had in mind, perhaps 92

We are not too far off, in terms of an entry point for a day trade

>>I'm still long from 82, to tell the truth. I cannot remember holding a position this long.<<

Sheesh--you've become a position trader!!! Next, we'll have OJ becoming a systems trader!!

In a way I am not too surprised with today's rally--yesterday's EPC ratio was indicative of extreme bearishness--as was that for Friday. Combine that with anticipation re Clinton's testimony and the stage was set. On the other hand I was more than a little nervous when I got the report back yesterday, that my buy stop had been triggered on my system signal.

Anyway, let's see how it plays out.
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