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Strategies & Market Trends : E-Mini Pit

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To: Dan Duchardt who wrote (4965)	8/1/2002 11:28:07 PM
From: the-phoenix	Read Replies (1) of 11288

Dan: "Were it not so, the mathematicians would have all the money." Gosh, I'm starting to think they do. You guys are making my head spin! "I'd be very interested in any calculation that could have told me within 3 minutes that the NDX low at 10:26 this morning was just the beginning of a minor bounce, while the one at 2:07 yesterday was the beginning of a 20 point rally. " NDX low at ~10:26 this morning: minor support from S1 pivot line at 940. Good for a 5 point bounce, usually. 2:07 yesterday at same price level: first test of 20sma120. Strong support on first test in a pullback. Who needs all the calculus and complex math?

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