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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 (29261)	8/2/1999 4:52:00 PM
From: Patrick Slevin	Respond to of 44573

Got knocked off SI. Nice timing, trying to Exit and figure out what was going on with Netscape at the same time. Must have been SI, though, because I tried to get back on using two different machines....two separate links. The trade was risky but calculated in a way. The hunch was that...considering how blown out all the indicators were, it was worth a shot at a small bounce. Then too, I knew that if I was day-trading it from the Short Side I would be getting the heck out so presuming that other traders were thinking the same way I guessed there had to be a bounce, no matter how small. The 1336 Point came off a Moving Average on a couple of my Charts....I just noticed how that point was present on MAs on two separate Charts so I viewed it as a sort of limiting bounce point. But sure, I could have been a loser on the trade.....it just did not seem like the odds favored a further decline, that's all.