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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote (9858)12/9/1998 10:30:00 AM
From: Patrick Slevin  Read Replies (1) of 44573
 
<only a nominal move over 1200, if we get there.>

If the patterns I have are right we will blow through it very quickly. There won't be time to get a "good" entry afterwards.

There will be a period of consolidation....maybe a half hour, maybe an entire afternoon or morning, then another move much higher, faster, and of longer time duration. (Faster, as in terms of point gains).

Then most likely a sharp selloff at the end of the week much like yesterday afternoon, as people square off for the weekend as they go shopping for the GI Joe with the Kung Fu grip.

Of course, this is all just a hypothetical guess.
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