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: Temple Williams who wrote (40609)	2/10/2000 8:16:00 PM
From: Michael Watkins	Read Replies (2) of 44573

Temple - my analysis doesn't factor actual prices so much other than to note high and lows; I care about some candle formations; I care more about support and resistance. So on the SPX cash what I see in relation to 1420 is a failure of it to move up through the resistance at same/congestion between 1420-1427. I also see that it spend the latter part of the day stuck between 1420 and 1408. What makes the most difference to me is that the whole daily bar was lower than yesterdays. Until its broken to the upside, I will consider it a down trend on a daily basis. When things get moving above a 45 min chart 20period EMA, then I will consider longs... everything else is just scalps on the long side until then... What a day!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next