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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: SE who wrote (43228)1/9/2001 9:37:48 PM
From: SE  Read Replies (2) of 44573
 
Most likely scenario is a one way up day. I see an early high around 9:50, following by a low point about an hour later at 10:45 and then up to 15:35 or the close. I have one pattern where the low point was the open which left the late high early at 14:30, so be aware of that possibility. Interestingly enough, even the day with the low at the open had a nice dip into 11:00 that would have been a great long entry.

For today there is one goal, find the low at 10:45 (as early as 10:15 and as late as 11:05) and get long for the remainder of the day.

For those of you like Chip, Dallas sees the potential for a drop today and I would say his read and mine are not similar. FWIW. Two of my days had late day drops, but the majority of the pattern was completed by then so be cautious late I guess, as always.
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