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

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To: GROUND ZERO™ who wrote (8451)11/13/1998 9:57:00 AM
From: Tom Trader  Read Replies (2) of 44573
 
GZ--I got a sell signal and am now short the bonds at 127 18

Closed out the long for a profit of about 1/2 point

Still short the yen, at this point

Re crude, it's been a while since I traded it -- I personally would not short the spike but only because during a period of uncertainty one never knows how much a market can run. When I used to trade the crude, I used the same system as for the other markets and it is presently on a buy signal.

Re stocks -- the lack of upside momentum is rather disconcerting -- given that it has now had several days to consolidate its recent gains, though at the same time I don't see any significant selling pressure.
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