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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (11777)	8/17/2000 12:39:34 PM
From: AllansAlias	Read Replies (2) of 436258

Glad I took the 5 points off the table. Still down on the day, but another beer trade and I'm even. Looks like we are building up a little steam here. Probably just going to whip around for awhile, especially given that it is martini-time. (Hell, I actually just had one in sympathy.) On many charts, such as OEX and NDX, we got a slightly higher low on the last pullback -- that will give us a lower line. This push up will probably give us a lower high so we get an upper line. NDX does not usually drift into a small range out of apexes of coiling formations, so it will be interesting to see which way it goes this afternoon. I see now that we are getting a nicer relative bounce on NYA and OEX than on NDX. This morning, NDX took out yesterday's high, NYA got there but was rejected, and OEX did not get there. You would think it would not work that way. I am primarily a pattern trader. Even though containing patterns are more important, I have more winning trades in the afternoons typically because the day has some feel to it after 3/4 hours.

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