Systems, Strategies and Resources for Trading Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (24826)	6/7/1999 8:55:00 AM
From: Nanlin Chiang	Read Replies (2) of 44573

I got two sell signals today on the S&P's (A CVR III and TRADEHARD.com Momentum Indicator). It was also a large range day, which leads me to believe a short sale is in sight today. Looking for a short at 1314 after the cash markets open. If that takes it out I am looking for a test at the 1298 range. Manuel Ochoa Hedgefund Manager of the Palisades Offshore fund has a pretty good commentary that I follow. Here is what he had to say on Friday: S&P 500 futures The June S&Ps (SPM9) enjoyed a relief rally today. Bargain hunters stepped in when they saw that bonds were not going to sell-off anymore. We believe we are still in a range-bound environment, and we established a short position at the 1328 level with a stop in around 1350. Stay tuned for the profit target on Monday. Volatility suggests we are in for more range-bound trading, and the fact that bonds did not rally indicates a good probability we will see lower prices in the next couple of sessions.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next