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

To: Patrick Slevin who wrote (28988)	7/30/1999 8:58:00 AM
From: SE	Read Replies (3) \| Respond to of 44573

I hear what you are saying and agree with your regards the TICK. However, I think extreme levels like that are important to watch intraday. I was short from 51 and when I saw the TICK that low, it raised my sense of awareness to bounce is very possible. It was another indication that it was time to have a very watchful eye on what was going on. Then the higher highs, higher lows on the SPU, NDX.....the beta stalling its decline, etc etc....told me it was time to exit. But it was the extreme TICK reading that got me really looking for the distinct possibility that the run was over. What it means for today, beats me, but yesterday it helped to get me out and preserve a profit....