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

To: Chip McVickar who wrote (34789)	10/1/1999 9:45:00 AM
From: HairBall	Read Replies (1) \| Respond to of 44573

Chip McVickar: Of course patterns are not 100%, but I only follow those that I have deem good percentage plays. I must point out the shorter the formation the less reliable, but once again that depends on the formation. Also, formations are often negated a Market turning points, so I always use additional indicators. I have found using formations, trend lines and price action areas very useful for timing entry and exit points. My take on formations is that they are patterns of investment behavior. Regards, LG

To: Chip McVickar who wrote (34789)	10/1/1999 9:50:00 AM
From: bearshark	Read Replies (2) \| Respond to of 44573

Chip: I did not get to the screen until 9:35 Eastern. However, globex futures looked to open down substantially at that time on OTC and SPX. Was that the case before opening? I did not see pre-trading numbers. It looks like the market wants to hold this morning so far. Volume is OK as of now.