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


To: GROUND ZERO™ who wrote (34574)9/29/1999 3:56:00 PM
From: Follies  Read Replies (1) | Respond to of 44573
 
GZ,

How many successful tests of support do we get to have before we fail?

dale



To: GROUND ZERO™ who wrote (34574)9/29/1999 4:14:00 PM
From: bearshark  Read Replies (1) | Respond to of 44573
 
GZ:

I should have an initial buy signal from two reliable sources after today. However, it can take up to three days for a move after that with a sizable decline during those three days. I would like tomorrow to be the washout. Then a good look at 10,000 on the INDU, with a failed move down at that point. That will get me to move in more on the long side.

Remember last October. Both of us turned bullish by October 14th--you about a week earlier than me. The same thing happened then.