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

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To: Patrick Slevin who wrote (23510)	5/18/1999 2:37:00 PM
From: Nemer	Read Replies (1) of 44573

the long and short at the same time was done about two minutes before the announcement --- the slowed down on SI made it come out just about at the time of the plummet .... and as one can readily tell, I definitely misread my rate of change thingie .... really, I didn't misread it, I just depended too much on it .... for it has now accelerated more to the down side. Had it been a for real trade ... and surely glad that it wasn't ... I'd have bailed at 1337 and the entire trade would have been a net loss of 2 points .... profit of 8 1/2 on closing the short from 1347.5 to 1339 loss of 10 1/2 on closing the long from 1347.5 to 1337 The 20 point move I expected looks to be better forecasted than my usage of it ..... he he

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