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


To: Stoctrash who wrote (31208)8/23/1999 12:27:00 PM
From: Nemer  Respond to of 44573
 
Good observation and thanks for mentioning it Fred ......

I have that marked down somewhere, but over the weekend my pea brain tends to lose things filed under the remember section ...... gggg

This coiling is wearing me out .... it is just far enough from the peak to the trough that I "think" I can play ....
and the broker is the only one doing well ......

whoops there she goes again .. good up move of a point very rapidly --- but I'm gonna let it rest for a while .....

well .... they can just play with me all they want ...
high of the day and I can't stand it --short 5 at 1359

waited too long to catch the bottom of the little downdraft and missed 1357.50
out at 1357.75

two-three minutes later and I can't see enough to do a SAR or even get back in ....so I'll go back to waiting ...



To: Stoctrash who wrote (31208)8/23/1999 3:30:00 PM
From: Chip McVickar  Read Replies (2) | Respond to of 44573
 
Fred,

>>fwiw,, 1356 SPX is a 2/3 Fib retrace of the "correction".<<

How did you get this number 1356?

The SPX Interday Top = 1420.14
Bottom Interday Aug = 1267.73
Fib Retracements:
·38% = 1325.65
·50% = 1343.94
·62% = 1362.22

Just curious...use the close?

Chip