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

To: bozwood who wrote (41980)	12/8/2000 12:54:28 PM
From: SE	Respond to of 44573

My main thinking was I expected it to be up today. I expected 80ish to hold, and if 78 was broken, then I expected to see about 70ish. I entered based on the five min chart with an 8, 34, 55, 200 moving averages...appeared to be support. I also glanced at a standard STO which was very low. Seemed to be a fairly safe long entry at that point. Also seemed to be holding the 50ema1 at the time. Entered at market, had a hard four point stop on the trade. At this point I expect it to be up for the remainder of the day, but the election news could gum that up of course. Oh, and by the way...welcome aboard. EDIT - I also glanced at the TRIN which seemed to be turning bullish and the TICK which looked fine. I like a 50dma1 on the tick chart.

To: bozwood who wrote (41980)	12/8/2000 12:54:28 PM
From: SE	Respond to of 44573

My main thinking was I expected it to be up today. I expected 80ish to hold, and if 78 was broken, then I expected to see about 70ish. I entered based on the five min chart with an 8, 34, 55, 200 moving averages...appeared to be support. I also glanced at a standard STO which was very low. Seemed to be a fairly safe long entry at that point. Also seemed to be holding the 50ema1 at the time. Entered at market, had a hard four point stop on the trade. At this point I expect it to be up for the remainder of the day, but the election news could gum that up of course.

To: bozwood who wrote (41980)	12/8/2000 12:55:12 PM
From: SE	Read Replies (1) \| Respond to of 44573

My main thinking was I expected it to be up today. I expected 80ish to hold, and if 78 was broken, then I expected to see about 70ish. I entered based on the five min chart with an 8, 34, 55, 200 moving averages...appeared to be support. I also glanced at a standard STO which was very low. Seemed to be a fairly safe long entry at that point. Also seemed to be holding the 50ema1 at the time. Also the beta, NHB.X was holding pretty well, indicating the weakness in the mini should turn around. Entered at market, had a hard four point stop on the trade. At this point I expect it to be up for the remainder of the day, but the election news could gum that up of course. Oh, and by the way...welcome aboard.