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

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To: Tom Trader who wrote (2398)8/25/1998 1:07:00 PM
From: Patrick Slevin  Read Replies (1) of 44573
 
I missed my second trade.

Now I'm a buyer if it can get down around to the 03.50 support that I "thought" was resistance this morning.

Other than that I shall sit and wait only occasionally glancing. The market is too close timewise to where I decided last night it would start to become pivotal. I'd rather exercise caution for the next 24 hours until I see Wednesday afternoon's action.

I did think it had a shot to get to 1118 but that 07/10 area seems to be holding up well. If I recall correctly, a week or so ago it rebuffed the market when I thought the high teens were reachable. I guess I just cannot catch the longer moves.

Man's gotta know his limitations, I suppose.
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