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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote ()8/7/1998 10:34:00 AM
From: Tom Trader  Read Replies (1) of 44573
 
For those who have contacted me regarding system signals--I expect that the system that I use will likely trigger a buy signal on the futures on Monday with limited upside action on that day.

There is a slim possibility that we could have a buy signal today or a continuation sell signal -- both would require a substantial amount of price movement today on the futures. If we get a continuation sell signal it would be the fourth such signal in a row--a very very rare happening. Not sure what that would mean in terms of the longer term picture.

This is based on the assumption that we will not see any substantial move in either direction today. A sharp move in either direction today will change the parameters for a buy signal on Monday.

It is unlikely that I will be in a position to post signals for another two weeks or so.
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