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

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To: John Pitera who wrote (28921)7/29/1999 8:47:00 PM
From: Patrick Slevin  Read Replies (1) of 44573
 
Zero does not pay attention as closely as a day trader might.

We had this discussion last year. Someone said that a minus 1200 TICK indicated that it had to reverse.

I recall at the time I phoned a friend of mine who tracks that stuff...Hank Camp as a matter of fact.

He said it could drop, then hit 1600 in three days.

Three days later, 16, 1700.

++++++++++

It can get much lower, no question. I've seen it. Matter of fact, I think I saw it pushing even higher once.
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