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

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To: coug who wrote (17908)	3/8/1999 10:12:00 AM
From: Patrick Slevin	Read Replies (3) of 44573

In response to a question I just finished sending the following on P-Mail, if it's of any help. I'm not real certain of it though, but that's why they call it gambling. ____________________________ The patterns, believe it or not, suggest to be cautious on the Long side. It would be Shorting at about now or in a few minutes, reversing possibly to Long around 11 or a little later. The other pattern has it selling down most of the day from here. Both patterns have a high probability of a Selloff in the last hour, starting perhaps as early as 2:30 or so. I won't be taking the Sell, I may look around noon and see if the Long looks like it might pan out. I would like to re-establish a positional Long and if the late going does not have the selloff or just a minor one then I will tough it out from there.

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