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

To: Jerry Olson who wrote (40635)	2/11/2000 5:42:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 44573

Jerry, Very good call on the 1380ish for the SPX today. Looking at the 10pt chart, it looks like we have a triangle forming. Next stop...1420??? Then reverse down to 1390ish??? (this is last night's chart) 1490 \| 1490 1480 \| 1480 1470 X X 1470 1460 X O X X O 1460 1450-----------------------------------------------X O X O X O ----------------1450- 1440 X X 1 X O X O X 1440 1430 * X O X O X O O X O Med1430 1420 X * X C O X O X O X O 1420 1410 X O * X O X O X O X O X O 1410 1400-------------------X O --* ------------X O X O \| O X ----O 2 --------------1400- 1390 X O * X O \| O X O X 1390 1380 7 O X * B \| O O X 1380 1370 X X O X O * X \| O X 1370 1360 O X O X O X O X * X \| O 1360 1350-O 5 --X O ----X --X O X O X O ----* --X -- \| -- ----* ------------1350- 1340 O X O X O X O X O X O 9 O * X \| * 1340 1330 O X O X O X X O X O X O X O X X X \| * 1330 1320 O O O X O X O X 8 X O X O X O X O X \| * 1320 1310 O 6 O X O O X O O X O X O X \| * 1310 1300---------O X O X ----O X ----O --O A O X ------\| --* ----------------------1300- 1290 O X O O X O X O X \| * 1290 1280 O O X O X O X * Bot1280 1270 O O X O X * \| 1270 1260 O * O X * \| 1260 1250-------------------------------* * --O X * ----\| --------------------------1250- 1240 * O * \| 1240 1230 * * \| 1230 1220 * \| 1220 1210 * \| 1210 1200---------------------* ------------------------\| --------------------------1200- 1190 * \| 1190 1180 * \| 1180 1170 * \| 1170 1160 * \| 1160 1150-----------* ----------------------------------\| --------------------------1150- 1140 * \| 1140 1130 * \| 1130 1120 \| 1120 1110 9 \| 0 1110 1100-* ------------------------------------------9 \| 0 ------------------------1100- 1090 +- 1090

To: Jerry Olson who wrote (40635)	2/12/2000 11:55:00 AM
From: Tom Trader	Read Replies (2) \| Respond to of 44573

Looks like you are really enjoying your the fruits of your great trade, OJ And to think that I almost went long the spoos, when you bought those puts!!:) I think that we could have more downside here -- there is not the kind of bearishness on the threads that I saw when we were at these levels the last go around. Heck, even I am all set to buy the dip:) I blame Fred for this new mentality of mine -- just as I blame Pat for making me a day trader in the spoos!! Like I have said before, once my system goes flat, the move is within 1-2% of being over -- that would equate to somewhere between 1350 and 1380 on the spoo for a bottom to be made; makes sense since when I developed the system, I tested for the optimal point when it should go flat -- and that is the basis for going flat. If it exceeds that percentage by much, I'd wonder if what we are looking is something different than the usual ebb and flow of the markets. I wonder if the 1350 to 80 level on the spoos agrees with the piffing that you do. i could name 10 stocks to buy right here that i love OK, go ahead and give me 10 stocks and what you consider to be the entry points!