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


To: Patrick Slevin who wrote (41383)11/20/2000 3:05:13 PM
From: Nemer  Read Replies (2) | Respond to of 44573
 
looking at the range on the sp0z and the method of floor and ceiling from and around the area of 10point movement makes me think of the sharks in the tank at the MandalayBay ....

the movers/shakers/sharks are just toying with the mkt ..
keeping it in a ten point range and scalping all the easy money ...

just as the sp0z moved when the court opened, it moved when it adjourned and it now is gonna hold that ceiling at 1360 range NOW as it reconvenes.....

also puts me in mind of TexasHoldEm ...
when one can't identify the patsy at the table ...said patsy is HIM ......

this is pure heaven for a quickie gunslinger scalper ..... hohohohoho



To: Patrick Slevin who wrote (41383)11/20/2000 5:29:59 PM
From: SE  Read Replies (1) | Respond to of 44573
 
For tomorrow, I expect a Low/High day. This differs from what I said earlier about TUES being the downstroke. I think tomorrow is a one way up day. I think the low point will come relatively early and is a bit squishy. The average time would be 11:46, but the range is 1:36 on either side of that. Once that low is seen, we are up to the high point which should come about 15:43 and that time is pretty solid with an 11 minute leeway either side. So the best play is an early short (but I don't like that due to the degree of downstroke into the close today), and a mid-day long. The mid-day long is the one I think I will look for.

Like days are in order of favor:

6-9-98
2-15-00
9-28-99

Let's see how it comes out.....

Scott