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

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To: Tom Trader who wrote (2026)	8/18/1998 1:59:00 PM
From: SE	Read Replies (1) of 44573

This is some guess work, but I have noticed that if the TICK moves down 1200 points in an hour to hour and a half it is usually good for a 10 point move down from the high that follows in the afternoon. I know, not very scientific, but here goes..... We went from +600 to -400 roughly in the last hour. This is 1000 points. I suggest that we rally starting about now and from the newly established high (we will know it after the fact!) we will drop between 5 and 8 points. I think we will go and re-test the 1105 area and then drop down from there to 1098, maybe 1095 yet this afternoon. Well.....it is an idea anyway......

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