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

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To: Tom Trader who wrote (15717)	2/17/1999 1:58:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) of 44573

I often get a chuckle out of Ike...that is when I can figure out what he is saying he still relies heavily on the BKX I know Patrick was turning away from the BKX and felt another sector was taking over (maybe technology..cant remember) anyway...do you still focus on the BKX +Options Jerry (23567 ) From: +IQBAL LATIF Wednesday, Feb 17 1999 1:30PM ET Reply # of 23572 Smart money makes money, on opening dumb money gets short on reflex action, imagine yourself in a car, driving to work and away from Idea, the first thing you hear on horrible globex opening and CNBC draconian music is to get short when market is down 10 point, but look always at SPH the higher lows 1215, 1228 1232 and now we see at 1250. This tells me only one thing someone out their is buying at lows, one needs to be careful let market show you the direction, if it has to break let 50 days MA on DTX is taken out or BKX breaks thru 788 or 1235 is taken out or 1923 on NDX, it is mass pesimism on which smart money thrives and one needs to be on the side of smart money.. It will never lag because it never makes market reading so difficult that simple analysis is just overlooked, watch out for SOX 392 they may try to rattle some soft hands and take it to 382 area but it is one hell of a opportunity as far as other indicators are go.. It is therefore for me SP9H the most important indicator and other indicators are forward warning signals. we should take cue from them but not be a casualty of these globex actions.. cut through the noise is one important thing for a trader..

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