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

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To: Patrick Slevin who wrote (10250)	12/14/1998 2:04:00 PM
From: Patrick Slevin	Read Replies (2) of 44573

Scott cannot post, so he sent me this ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SI is way to slow for me. Been wanting to post my thoughts and then leave SI for the day, but I cannot even post....takes way to f..king long, so..... ....I am planning on getting long. WE just tested the lower tine of an active fork that has been pretty good at price containment. FWIW...it is formed off of the high and low on 12/8, the middle of that the line is drawn from the high on 12/7. The sentiment indicates up to me. The bullish MACD divergence and the TICK divergence does as well. I am going to wait for one more retest and if the low holds, get long. My stop will be 4 points or just below the low of the day, whichever is less. Feel free to post this if you wish, if not, no problem there either.... Later. ~~~~~~~~~~~~~~~~~~~~~ For my own part, I may just pull a position trade ala Tom and GZ....well, probably not as long as one of those trades.....and sell the March DJ around 3 Eastern. Seems like a relatively low risk trade as the $$ involved is not large.

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