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

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To: Patrick Slevin who wrote (42188)	12/14/2000 12:16:58 AM
From: SE	Read Replies (3) of 44573

Normal flows will have a low around 10:15, a high around 11:30, a low around 14:26 and a bounce to a high around 15:35. The pattern is typically a one way down, or a one way down with a tail and in one pattern a V shaped. If a V shape the low due at 14:26 will be early, around 13:50ish. If the morning is down hard, I would expect that to be the case. If we gap higher, not a true gap, but just higher, I would expect an up day similar to 7-30-98. There we saw a high around 11:00, a low around 13:50 and a high around 15:43. So the best trades of the day come near the open with a sell and then another sell around 11:30ish. However, if the first sell is a hard sell, then a long around 13:50 should be considered. If we gap higher on the open, and I don't expect that scenario, a sell around 11:00 would be good, as in the first pattern, and a buy around 13:50 as in the first pattern with an early hard sell. I find it interesting that both Dallas and I did come up with 12/18/97 as a date to watch.

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