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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote (2379)8/25/1998 12:02:00 PM
From: Patrick Slevin  Read Replies (1) of 44573
 
The longer MAs are starting to catch up. I would have thought it could retrace below 1105 before. Now I am uncertain.

Anyway, it's noon hour and I thought it would lose steam here anyway. I hope, for the sake of your short, that this is a correct presumption.

I am going to be more cautious about a long entry as the afternoon wanes on.

EDIT. The very short term indicators suggest a bounce here...but probably not too much
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