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

To: Wildstar who wrote (29744)	8/6/1999 2:33:00 PM
From: GROUND ZERO™	Respond to of 44573

Good eye!!! I saw that pattern this morning as soon as we did make higher highs... no, it's too soon to short for a failed wiggle and too late to sell for a short position in an oversold market..... Here's my plan: Today I do nothing... Monday, I'll watch and see if today's lows are taken out... if not, then the highs will likely be taken out and the trend is higher... if the lows are taken out I still have those support lines that need to be violated... if that happens, then a close below new lows made late in the day below those lines will take me out, but I won't short here..... GZ