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

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To: Patrick Slevin who wrote (2912)9/1/1998 8:21:00 AM
From: SE  Read Replies (2) of 44573
 
Hope that if you bailed you waited till the free fall from 78 to 70.

Somewhere I noted that I need volatility. However, the last few days have been a bit overdone, don't you think?

Just curious....who buys when the market is in a free fall like yesterday? Is it only other shorts who are covering or do people actually establish long positions at various points on the way down?

I looked at a yesterday's chart and when we hit 980 and I saw that bounce that came, I actually thought to myself, that was one of Nemer's bounces. Now he tells us he traded three times from the long side. I wonder how close to 980 he actually was.

Uncanny......

-Scott
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