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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (4800)6/13/2001 12:38:08 PM
From: UnBelievable  Read Replies (2) of 209892
 
Two Decent Trades This AM And I Got Conservative

Going through my last few days I figured out I would be better off if I didn't have as many losses. <gg>

Yesterday for example I had 12 ES points gain offset by 8 loss. I think this stop loss stuff might be something worth looking at. I remember earlier on you had made a comment about the stops I was using being a bit too large.

What kind of stops do people use on the SPX futures, or the NDX futures for that matter?

What are you thinking about this afternoon? More Jello?

Most of the indices seem to be holding on to their 50 SMA for support with the 200 SMA coming down. Exceptions are $INDY and $BKX, where the 200 is below the average with the 50.

But check out $NYA on a daily, it is one of the tightest. 50 SMA 632.4, 200 SMA 639.2, Todays High 639.09, Todays Low 5635.65. Yesterday was bracketed by this two averages as well it looks like they could converge in the next day or two.

I'm going to take a shower now. I remember that is supposed to do something but I don't remember what. I think Shack is the expert on that pattern. <gg>
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