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: Tom Trader who wrote ()	2/9/2000 9:05:00 AM
From: Temple Williams	Read Replies (3) of 44573

The DT-s (Double Top-spoos) at 1449.50 from yesterday's RTH (Regular Trading Hours) session was busted north during the first few hours of Globex last night, and that session then set up a triple top at 1454.00 Spoos, which was then pinpricked north. I think that most of the day will see a sideways move, not a rocket north. The market may move higher into the close, however, and if I can position myself properly (around 1:45 p.m. and down around 1442.00 Spoos), I may actually hold a contract overnight (something I rarely do as a "go-home-flat" day trader). The news from CISCO after the close might ignite prices into an extension north, but I don't think so. It is an almost perfect time for the market to NOT go higher (as many expect it to do). The bears would take heart in a sideways move and pile on for much of the day, expecting a sharp break south "at any moment." Perfect accumulation territory. On Thursday, the bulls romp again. This market is very good at disappointing bears.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next