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

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To: Tom Trader who wrote (1988)8/18/1998 11:16:00 AM
From: Patrick Slevin  Read Replies (2) of 44573
 
90 is the level I had in mind, perhaps 92.

I'm still long from 82, to tell the truth. I cannot remember holding a position this long.

I remember, October during the mini-collapse.

Anyway, I think it has a bit more upside.....I think 1104, 1104.3 maybe.

But if that 92 level gets hit after lunch I would be wary about day-trading the long side.....it would have to hit in the next hour or so to make me comfortable with it. I don't like weakness in the afternoons. Judging by yesterday, I think we could have a strong hour between 1 and 2 ET but the last hour really depends on the follow-up action after 2 and going into the bond close.

I saw a strategy on trading the spoo based on bond action on the Mid-Am after the normal close but I have to look it up. I don't get Mid-Am quotes anyway.
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