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

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To: Stoctrash who wrote (43802)	2/4/2001 5:13:42 PM
From: SE	Read Replies (1) of 44573

One of two main patterns today. Either an early high around 9:36, followed by a low around 11:50 to 13:30, usually closer to 11:50 and a high at 15:00. Essentially a V shaped day. The other pattern breaks itself into two options, either an A shaped day or a one way up day. It starts with a low at 9:38 and sets a high at 11:30 and from there drops to new lows on the day by 15:30. The alternative sets a low at 9:38, a high at 15:00 or later, essentially a one way up day. My preferred read today is a low at the open and a one way up type day and that is how I am going into the day. I will be very cautious of the movement around the 11:00 time frame and prepared for a reversal there that could send us down the rest of the day. I should know by 9:45, 10:00 at the latest whether or not we opened at a low or high point. If a low, I should be good to go. If a high, it looks like a long at 13:30 should produce some nice up movement.

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