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

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To: Patrick Slevin who wrote (2998)9/1/1998 2:22:00 PM
From: Tom Trader  Read Replies (1) of 44573
 
>>But I have to trade it up if up is where it wishes to go, yes?

Yes, for sure

Not sure there is a trend today that one can latch on to, though

If it closes strong today, may be a rally tomorrow before a resumption of the decline--may be on Thursday when Clinton returns having achieved nothing in particular the market will decide that is the reason to sell-off. While the immediate bias is up, it would seem that for it to achieve a sustained rally would be rather doubtful given the significant hurdles it has ahead of it in terms of the technicals and other external events.

So that is the way that I will look to play it. May be I'll just use the Don Sew signal to initiate my short OEX calls--given that his track record has been quite awesome recently and also considering that my system will now be in a slumber of sorts for a bit.
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