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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: GROUND ZERO™ who wrote (6814)7/8/2005 2:26:14 PM
From: c_hl  Read Replies (2) of 12411
 
Some thoughts:
1) I don't want to go long now because the risk / reward ratio does not favor to longs. The upside is only few points from now if we use SPX spiral, but the downside is almost 20 points. We have about two weeks to finish that few points. You should expect lots of ups and downs.

2) I notice that once the wall is break during the day, there ususally has some follow through . At least 4-5 points on that day. But it does not mean the break will hold.
This is a very high probability trade. I don't remember that I saw an exception so far yet.
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