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


To: SE who wrote (27078)7/8/1999 6:18:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 44573
 
Sure, sorry I'm late, I was not home all day.....
Yesterday, I would have sold if we closed below
new lows late yesterday since we were
sitting on support these last few days, it closed
okay... I think I posted that strategy yesterday...
a penetration of that support needs to be confirmed
with a close below it... all it did was test that
level and found some buying..... I honestly was
very tempted to put in a straight stop last night,
but then I also thought that if it did sell off,
new lows for the move should not be made... thank
God I didn't... I decided to give it another day
and not watch... I think if I just watched it sell
off, I might have gotten scared out only to have
bought back in on the close today, I am expecting a
major bond rally to about 119-00 in the
Septembers, so my bias was to hold... which is what I did, and I'm glad I did.....<g>

GZ