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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Temple Williams who wrote (40439)2/6/2000 4:06:00 AM
From: Zilog  Read Replies (2) of 44573
 
Temple, once again, I beg to point out a massive 1000 tic 21 min spoos bar just prior to the open on Friday. This was a big outside bar, a squat and a fractal, all screaming for a change of direction on the 21 minute time frame. Combined with that(within a few hours) was the odd 1 min 1-1 piercing bar in SP cash. What does this mean? Can't really say right now, but will have a pretty good idea by the open on Monday.

The funny thing is, in glancing at the 21, 89, 202 and daily on the spoos vis a vis the sp cash I see conflicting signals. The spoos say a change of direction and the cash looks as if it wants to charge ahead. For me, the best way to play it is to go with the 21 min bar net line including globex and forget about the Elliot hocus pokus.

PS As this is my first post in this medium, please forgive the red highlites, they are not mine.
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