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

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To: Tom Trader who wrote (11707)	1/4/1999 5:07:00 PM
From: Patrick Slevin	Read Replies (2) of 44573

I decided not to close out the Net trade, My original thought was to stop myself out if the high to low was over 1.5%. The high being 1261 puts the close out of the trade at 1240 but it dropped so sharply I decided to let it go. If the models go short tonight I'll pull the trade off. I am starting to scan for "next day" patterns after a day like this; it's early in the search and I only have it down to 27 examples at this point but most of them have wild moves. Two of them ran up a bit then sold off more than 100 Dow points, three of them backed off only a little bit then rocketed to as high as plus 189. So the early guess is to get long early and have a solid stop. I have an idea that it will whip around, driving up, then down into midday, but that's just an early hunch based on the data I'm looking at.

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