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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 (43187)	1/8/2001 8:51:04 AM
From: SE	Respond to of 44573

I don't think I spent that much time on it. Besides, I disagree with his conclusion. Last week thought we were in a downward move that has would be muted by the rate cut. Now however, I hink that since we have already given back that which was gained by the rate cut, we could see the panic bottom that to date has been missing because investors will realize a rate cut isn't going to save them. So it is almost like the rate cut was the last piece in the puzzle to induce the panic that he is discounting. I think his charts are early and the panic does indeed arrive. Scott

To: Patrick Slevin who wrote (43187)	1/8/2001 4:02:30 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 44573

prem spike eta 4:12

To: Patrick Slevin who wrote (43187)	1/8/2001 10:28:33 PM
From: SE	Read Replies (3) \| Respond to of 44573

Two days picked. 10/19/99 and 1/12/99. I like 10/19/99 best. What I expect is an opening high, followed by a low at 9:55, a high between 10:30 and 11:00 (that may or may not be higher than the opening high) and a drop to shortly after 15:00. The early long should be worth a few and the short from 10:30 to 11:00 down should be worthwhile. Two good trades. The shape is likely to be either somewhat A shaped if the early long produces a nice run or a one way down shape. Interestingly enough a TRUE SELL GAP produced the somewhat A shape as there was an early reaction to that to the upside before the market turned. I am really getting tired of the selling...I wish I could find a one way up day....or maybe several in a row.