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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (42870)12/27/2000 6:22:51 PM
From: SE  Read Replies (2) of 44573
 
Looking for an early low around 10:30, unless we gap lower, in which case the open will likely be the low point. Does not have to be a true gap, just a gap lower. A high is expected at 12:00, or perhaps a touch later, followed by a low point at 13:00, although on one day it came at 14:00 and a run up to the close. In no cases was the late low at 13:00 or 14:00 lower than the first low at the open or at 10:30. It is a one way up expectation. Best trade seems to be either buy the early low and hold to the close, or to buy the low at 13:00 to 14:00 for the run to the close. With a gap lower, the early buy would be the best trade, otherwise, might want to wait a bit and consider either the 10;30 low or the 13:00 low for the buy.

I did come across one day that was a one way down day, and the 13:00 expected low was a high and the morning low was broken a short time later at 13:35. So watch out for that possibility.
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