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

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To: Chip McVickar who wrote (9673)	12/7/1998 11:39:00 AM
From: SE	Read Replies (2) of 44573

I don't know. I would be tempted to sell based on the bearish divergence set up on the MACD bars, but such a short term divergence may not last long as I witnessed on Friday, but then again it might. Are you really long, or is this a paper scenario? There are many small things that I simply don't like right now to the long side.... EDIT - I just checked back and see it is a paper scenario. With that in mind I would use the forks to exit to see how they handle the entry and exits and the play. Boy I really don't like the TICK right now. This thing may get back to re-test the lows of the day in a hurry.....short term sell signal on my original method. This would suggest a price objective of 77/78 or so....that is simply my extrapolation, not some mathematical formula, so simply put .... it is a guess.

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