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

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To: donald sew who wrote (9204)	12/1/1998 3:40:00 PM
From: SE	Read Replies (1) of 44573

Too late in the day. BTW, I have not backtested that theory at all. I just noticed it a while back and it seems to work fairly well. This afternoon the high after my noticing it was 74.50 and I think we got to 66.00 or so. I scalped a short in the middle of that mess so I guess it has some value, but I would not rely on it solely. Not sure how it works from right now through tomorrow, but let's watch and see....always time to observe..... If it works, look for 10 points down from today's high whenever and wherever that ends up.....

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