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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 (42751)	12/21/2000 9:00:58 PM
From: Chip McVickar	Respond to of 44573

No Rumor...Kristy "dubya" is nominated...! Saw it on the news. Maybe she'll allow you to keep it in the garage until it's an antique. Then drive it...! All I can hope for with any politician is opportunities for humor. See you tomorrow.

To: Patrick Slevin who wrote (42751)	12/21/2000 10:49:43 PM
From: SE	Read Replies (1) \| Respond to of 44573

Looking for an early high point at 9:55, give or take about 5 minutes. From there we drop to a low at 12:30, give or take 40 minutes, so that point is not so solid and finally a high point at 14:50 if we tail off to the close, or if we go up to the close the high is at the close. A V shaped day, one with a tail, one without. I prefer the 7-9-99 date, but the 1-23-98 date had better flows for daytrading. It was decidedly more bearish in tone with a large drop followed by a nice upswing and decent tail to the close. If we have a new HOD (high of day) at 14:00 or so, I would expect we flow up to the close. So between 14:00 and 14:40 look for a new HOD and if it doesn't happen, then start to think about hitting the exits or shorting it for the drop to the close. Should be fairly easy to trade it. Two good trades, an early short by 10:00 with a hold to at least 11:50, then if you want to be safe take an hour off and look to get long around 13:00 for at least an hour and a half or a hold to the close. Good Luck.