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

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To: Tom Trader who wrote (11747)	1/5/1999 10:18:00 AM
From: Patrick Slevin	Read Replies (1) of 44573

Actually there were so many similar situations that it was hard to break them down. But the one common pattern that came out the next day was always either up pretty much all day or up with a pullback in mid-day. In other words, buy the Open and tighten stops going into lunch. There is a third possibility that it pulls back mid-day and runs in the last hour. One of the guys who taught me this stuff sent me a message last night that similar days are 6/23/98, 1/4/94, and 1/8/97. I was encouraged that he came up with the same results I did. But I was unable to buy the Open because of some internet glitch using PC Quote so I'm sidelined for now. Do you mean the Close on Thursday? Friday was New Year's. I intend to either sell around noon or buy around 2, perhaps both. I will be focusing on the long side more than the sell at noon, however.

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