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

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To: Tom Trader who wrote (2304)	8/24/1998 10:50:00 AM
From: The Jedi	Read Replies (1) of 44573

Tom,the Astro, Gann, Elliot and some TA are pointing to a high first and then a break. The second in probability is a break down right here. I am in the same boat as you. I will look for a lower low on the 60 min. today to decide that the long side is wrong. If we get a lower high then we are OK. We could trade the rest of the day in a 5-10 point range, that would indicate going up fast tomorrow. One thing about the short side is that it will occur real fast, which also means bigger loss for those on the long side. Maybe a straddle might be good here. And then do a SAR on the long position. Kiri

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