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Strategies & Market Trends : E-Mini Pit

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To: hypostomus who wrote (313)	2/7/2002 11:55:46 PM
From: gsp6181	Read Replies (1) of 11288

phoenix - excellent post, very informative. I agree with you about reversal zones, e.g., the 2 pm reversal (today in NQ) but what I would suggest is that you lose very little by jumping in a tick or so later - notice how many daily trends can cover 20 or 30 pts - or like today a big 45. I think that the other important issue is to observe the action of the "tape." From the 2 pm high it just "dripped" down without any substantial move up (except 1440-1450). I kept waiting for the down to stabalize and reverse - yeah right. Why not just follow it down? Let it roll. Anyway, thanks again for sharing your thoughts. - George

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