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

To: Nemer who wrote (43440)	1/18/2001 6:50:32 PM
From: SE	Respond to of 44573

You might be onto something there. Last I heard Tom and a partner were trying to corner the flaxseed market. Some ingenious plot as they said it was thin, so they should be able to really make it run. Then there was some talk of the freeze-dried shrimp market. I think Pat has mentioned that market time to time. You don't suppose.... ... No it couldn't be. Not possible. Their last names would not be Hunt, would they?

To: Nemer who wrote (43440)	1/18/2001 8:04:19 PM
From: SE	Read Replies (1) \| Respond to of 44573

There is one day that came out that was one way up. Low at 9:30, high at 15:20. Biggest run of the day was over by 11:30, even though it continued up the rest of the day to 15:20. Two days show at high at 10:00 and a low at either 14:30 or 15:00. A fourth day shows a high at 10:00 a low at 12:00 with a bounce to 14:00 (higher than the open) and then down to new LOD's at the close. Trading strategy with the mess given above: Go long the open and if it runs a bit, place a stop at the open price. At 10:00, look to exit and see what happens. It is either going to continue up, in which case another long should be attempted with an eye towards a one way up day, or short the drop through the opening price looking for low point around 12:00 or much later at 14:30 or 15:00. Tighten up the stops at noon. If there is a big bounce at that point, look to possibly short at 14:00 for the drop to the close. There is a fifth day as well. Unfortunately. This is a somewhat confusing day, but anyway, on that day the 10:00 point was a low point. Not a lot lower than the open, but it was a low. So if your opening long drops right away into 10:00, you can take some solace in the fact that by 12:30 you will be way ahead. That day dropped from there to the 15:45. I wish I could be more concrete as to the pattern today, but it was all over the board. At least the trading plan seems somewhat solid given the various possibilities. Long the open. If UP: Look to exit at 10:00. If continues up, look to re-enter a long with an eye to holding to the close. If drops at 10:00, short the opening price and look to tighten stops at 12:00, with an eye to holding to 14:30 or 15:00. If bounces at noon, look to reshort at 14:00 for new LOD to be set by the close. If DOWN: Hold, as by 12:30 you should be way ahead. Obviously, you must determine your point of max pain on this and set stops accordingly. If stopped out, look to get long again on the cross of the opening price and hold to 12:30. At 12:30 look to short to 15:45.