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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote (14765)2/4/1999 2:08:00 PM
From: Bull RidaH  Read Replies (2) of 44573
 
Tom,

Once we've recovered back to 1282 minimum to 1305.5 maximum (with 1295 a very likely stopping point), we will have completed a nicely shaped V off this a.m.'s open. Typically, you see some sideways action on the right side of the V, then the slide begins. My best guess at the moment is the sideways activity would last AT LEAST through Monday's open, and by late Monday, if we're closing lower in a bearish pattern formation, you can rest assured that an MOC sell should work nicely as a position trade for the following week.

Regards,

David
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