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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (8011)11/6/1998 1:51:00 PM
From: Nemer  Read Replies (1) of 44573
 
Just as a passing thought ---

all of my number crunching for the past year, basically, has been using the SPX numbers, and mentally converting them or manually converting them or having the machine convert them to the SPZ numbers .......
mostly because I knew that I was headed to trading the futures and those were the figures that most on this thread were using and occasionally I did cause some problems with using the SPX numbers ...

however .....

in closely watching and using my pivot points .... etc ....
on the cash ...
the futures move up and down much more rapidly and my thought process is still based on the cash ....

so what I'm attempting to say is that some of the stops that I'm setting on the SPZ are really based on conversion from the SPX and might be over run and violated without me closing the position....
as I've gotten some private messages and email to that effect .....

So as to my current open long and the double up open long ......
I'm using the cash figure pivot point to govern my action ......
for what all that is worth ......... ggggggg

edit ---

I just punched out on both SPZ position from 1143 and 1144.5 when it declined to 1145 because my point of resistance of 1140 on the cash took me out .......
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