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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Compadre who wrote (25833)6/22/1999 9:16:00 PM
From: F Robert Simms  Read Replies (1) | Respond to of 44573
 
My neural nets on the SPX went from short to long on today's close and are going back short on tomorrow's close. I am fully short and will probably stay that way. Tomorrow will probably be flat to slightly up. Just sucker a bunch of people into thinking the correction is over.

Jaime an outside day is a day with a higher high and a lower low than the previous day. If you look at the bars the the current day would engulf the previous day. An outside day is common at turning points. It indicates a temporary top is likely. An inside day tomorrow would be an even stronger sign of a short term top.

Best Wishes,

Bob