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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (8354)11/12/1998 10:56:00 AM
From: SE  Read Replies (1) of 44573
 
In the FWIW department, I just got a short term buy signal. If it works I think it will play out like this. Buy at 24.00 in about 5 to 7 minutes for a bounce to 26-27.

TICK will have to stay above -120 for this read to still be valid.

Let's see what happens.

26-27 will put it in overbought territory on RSI and MACD and STOC on the one minute charts so that is probably the short area.

EDIT -

Forget it....as soon as I posted it, it was negated. So much for that theory...still might work that way, but not based on what I would see....
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