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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 (41652)	11/30/2000 8:44:20 PM
From: SE	Read Replies (1) \| Respond to of 44573

Nose back to the grindstone. The way tomorrow shapes up is a high, low, high scenario V shaped day. I have three dates picked out. 9/10/99, 2/26/99 and 10/9/98. For some reason the week of 10/4/98 keeps coming up. I would have to go back and check the posts, but I think I picked that week each of the last three days. That was the week that set up the lower low on the SPX and a nice bullish divergence on the MACD that eventually was the beginning of the major move we have seen in the last couple years. Oddly enough, with today's low it is possible that on the daily we see a bullish divergence on the MACD once again. Anyway, the facts on tomorrow. Well, as much as they can be facts when predicting whether or not the market might go up unless it goes down, that is. High point at the open 9:30 am. All three days opened at a high point. Two were true gaps. The morning low should come at an average time of 11:11, but the three times were 10:20, 11:00 and 12:15. So there is about a two hour range there for the low to be seen. The high comes at an average 15:43 with the three times being 15:10, 15:50 and 16:10. On the two earlier times there was a tail to the day down once the high was set. The two with the tail were choppy days. The one where the high came late was strong up from the low point with very small pullbacks. So I will be looking at the action during the day to try to decide if the high will go all the way to the close. I show 9 True Gaps on the day. 6 closed. However, on the specific days I chose, I see two true gaps and both closed. If we get a true gap up we would have to open above 33.75 and if we do, I would expect it to close. Somehow I don't see that happening. Anyways...that is what I gots.