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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: peter n matzke who wrote (17920)3/8/1999 12:01:00 PM
From: Patrick Slevin  Read Replies (2) of 44573
 
Hank was with a firm in the 70's that was eventually bought out by Hutton, I think. His work centered on creating intraday charts using those old CPM disks that were about 9" diameter, I think. It was rare to have intraday charts then, particularly computer generated ones.

Wilder came along with that work around '83, I signed up for it then I think. I considered the Director stuff but was employed full time and decided I could not spend the time on it.

Hank did take it though, and probably because he was so involved with intraday work he gravitated in a different direction from Sloman's work. So I imagine the root is the same but the branches are dissimilar. For that matter, I don't do it the same way as Hank, exactly. Often he is looking for a Short at 10, for example, and I'm exiting a Long or waiting for the Long at 11....stuff like that. Like today, he wanted to Sell this morning and I was waiting for the later Buy.

Although the jittery days seem to have no correlation you still should see a pattern which would fall into a pre-defined category. The tough thing is to trade them. If the read for today is correct then it should either fall into the Primary pattern which is somewhat dish-shaped running back up into around 3 EST with a possible pullback there or slightly before.

The Secondary pattern for today would be somewhat down until 2:30 or so, then a bounce before selling off. Normally that would just be considered a straight down pattern and very common for this color day. I presume Wilder has this as Red?
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