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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 (42188)12/14/2000 12:16:58 AM
From: SE  Read Replies (3) | Respond to of 44573
 
Normal flows will have a low around 10:15, a high around 11:30, a low around 14:26 and a bounce to a high around 15:35. The pattern is typically a one way down, or a one way down with a tail and in one pattern a V shaped. If a V shape the low due at 14:26 will be early, around 13:50ish. If the morning is down hard, I would expect that to be the case.

If we gap higher, not a true gap, but just higher, I would expect an up day similar to 7-30-98. There we saw a high around 11:00, a low around 13:50 and a high around 15:43.

So the best trades of the day come near the open with a sell and then another sell around 11:30ish. However, if the first sell is a hard sell, then a long around 13:50 should be considered.

If we gap higher on the open, and I don't expect that scenario, a sell around 11:00 would be good, as in the first pattern, and a buy around 13:50 as in the first pattern with an early hard sell.

I find it interesting that both Dallas and I did come up with 12/18/97 as a date to watch.



To: Patrick Slevin who wrote (42188)12/14/2000 2:11:34 PM
From: virtualsignal  Read Replies (1) | Respond to of 44573
 
Well, if today's weather was any indication, your now triplely out of whack.

Hope your hit'em OK. The "transistion" can sometimes be a break from the normal routine, though it takes some sweat work, thus in turn, may end up being an exhausted type of break. Maybe it will turn out refreshing, who knows. Look forward to the smooth Irish guy's return.

Speaking of kids, looking at a picture of my two right now, with their great smiles, Irish eyes, good looks, he's 16, she's 14.

Now for the other side of the story

...well you know kids ...ya gotta love'em :)