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

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To: Matthew L. Jones who wrote (39856)	11/4/1999 8:55:00 PM
From: Mary A Young	Read Replies (1) of 44573

It does me good, Matt to see someone else experience what I have the last two days. I'm an oex trader, watch the S&P, and the last two days have been just frightful. Absolutely I make my best money with the trend. I view what I do as trading the trend. I had an OEX signal yesterday at 714.50 which I took, and it went nowhere but down. I had one today at 718.50 and this time I didn't take it. I would have been okay yesterday had I simply held overnight. But I've been burned a lot doing that. What has me stumped today was that afternoon buy program that went nowhere and I believe there was a sell program that did the same. From the looks of Globex tonight, there is a lot of red. But, anymore I don't put an enormous amount of stock in that either. We have had two mornings of very strong futures trading pre-market and those rallies don't seem to want to hold. My intraday charts were showing lower highs and lower lows as well. So my rule book says I'm not required to trade every day. Today I didn't. I watched in amazement. It was a tough day and I congratulate all who were able to trade it. Good evening all.

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