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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 (28336)7/21/1999 3:23:00 PM
From: Jerry Olson  Respond to of 44573
 
for da bears pally..watcha think huh???



To: SE who wrote (28336)7/21/1999 3:28:00 PM
From: Nemer  Read Replies (2) | Respond to of 44573
 
What do you mean dangerous one? Dangerous for whom...shorts or longs?
So I am a bit thick headed and need things spelled out, is that so wrong?


Jerry says for the bears ...

I think just dangerous period ....
a move in either direction can/will/could be hard and fast ...
and I for one have no idea which way .... hehehehehe

I had my finger on the trigger to go long whilst it was hovering at 81 and then it cracked and went to 80.5 and stayed there a little too long for me to feel comfortable going long ....
and I kinda thought the pressure was for me to go long, but
I passed ...
no trouble for me to pass ....
I suspect that I pass on at least double or even triple the amount of trades that I do make ....
even the paper ones .....



To: SE who wrote (28336)7/21/1999 4:07:00 PM
From: Patrick Slevin  Respond to of 44573
 
It seems dangerous to me because it was set up over a 90 minute span or so.

Not one of those Doubles that you see on a 1, 2, 3, 5 minute chart. They get broken by so much and you cover and fine and dandy.

When they create a Dble Bottom over a period lasting an hour and a half it seems more ominous....to me anyway.

Something that "could" get whalloped in the morning....I hope.