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

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To: Patrick Slevin who wrote (12077)1/8/1999 9:17:00 AM
From: Tom Trader  Read Replies (3) of 44573
 
Morning all--

I could not post yesterday because of a combination of factors not the least of which was the slowness of SI and getting squided. After it happened a couple of times, I gave up.

Anyway, the good news is I have recovered the entire hit that I took when I got stopped out -- and it was a huge hit! I bought the gap down on the open yesterday on the spoo for a day trade. I traded the bonds successfully on the short side for a day trade and when I got a continuation sell signal on the bonds yesterday, I added to my short position. So right now, I am almost back to even.

Am now looking to short this gap open on the spoo -- not sure what level, I'll hit it at -- but I do feel that it has a good chance for the trade to work. May hit it at about the 1290 level or thereabouts. Am also looking to short the bonds again for a day trade.

Patrick, can you tell me what your patterns are suggesting for today??
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