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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (400)	12/4/2000 12:36:28 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 12411

Chip, I have no outlook on whether a break of 113.92 is the begining of the end of the world or not, however I do feel that if that break holds, it represents a change in trend on the daily chart. i.e. It had been going up for a long time, and would now be going down. Since all tops start somewhere... its still worth noting. intelligentspeculator.com With index futures I'd pretty much expect a move up into the consolidation zone and I would be following each up bar with sell stops underneath. More frequently than not, the next move down and out of the consolidation zone (should it happen) is a big, fast one. As I said, I don't follow the $ much but in trading everything else these rules that I use seem to work.