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Pastimes : The Big Tex House of Coin

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To: Mike Perras who wrote (16403)	1/6/2001 4:16:43 PM
From: Jeff	Read Replies (1) of 19297

mike..... you can't use a day chart to get a longer view of the sar..... day charts are timed in hours...... you use the 1-month daily to get a view of what should be coming over the coming weeks...... you daytrade the sar on the day charts.......but if you want to position for a 1 to 3 day move.....ya gotta use the 1-month..... day 1 in the 3-5-8 count is the day " after" the sar hit.....and to even start the count...day 1 has got to be " down".......if day 1 is up.....you possibly could get a 1 to 5 day run going before she falls......so there is no count to guide you on those...... and if day 1 is down......and you are watching it...and know it will close down for sure....you can go short knowing there is a high chance day 2 will also be down.....cover on day 2.....and go long for a day 3 pop......of course you always have to be watching the overall market conditions......you just can't trade these at will.....you make your plan ahead of time.....look at all the angles.....and then trade your plan... regards

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