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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 (43464)	1/22/2001 2:00:39 PM
From: virtualsignal	Respond to of 44573

Yeah, I think I seen that, but he's sooo Juiced up, that's worth the fee in it's self :). Now IPO's are out of favor, but maybe floating a cheesebond might attract some mice, I mean buyers. BTW, I bookmarked that TT site, been meaning to have the wifie take a look at it. It might go along with some of her thunder tapes. Work keeps getting in my way, I've had this reply open for about 15 mins now....sheesh

To: Nemer who wrote (43464)	1/22/2001 9:51:43 PM
From: SE	Read Replies (3) \| Respond to of 44573

I only found one day that matched the preferable way. That day opened at a high, dropped to an 11:10 Low, ran up to 14:10 (new HOD) and from there dropped hard the close, new LOD and then some. If the day sets up as above the best trade of the day is the late short, but both the long from 11:10 low and the late short are worth being on board. In looking for more matches, I was able to come up with another handful of less than perfect matches and able to group them into a couple of coherent (I hope) categories. Two were good A shaped days. This gives some confirmation to what I expect above as it is A shaped. Both start out low and run up. One to 10:30, the other to 11:20. In both cases the run up was halted at the HIGH of the prior day. That gives 1364 tomorrow added importance. After hitting the prior day's high, they tanked, one to new LOD and the other although it did not hit new LOD, I would expect that it would tomorrow if it presents itself because the late run up today took place the morning of that day. So since we had the late run up tonight, I would expect that when that pattern drops, it is to a new LOD. Two other days opened low and ran up. These were chop city days. The best trade was the long off the open and it ended at 11:15 on one day and after that that day was not worth trading and at 14:30 the other day. On the early day the run up was strong and that was it for the day. On the late day the run up was chop city but the flow was up to 14:30. To be honest, I don't expect these days to present themselves. One came after a very hard down…we did not get today, so it is really out of play the other came after a very narrow range day (7.5 points) and was narrow range itself (12 points). I probably should not have even mentioned them, but it is important to be aware they could occur given the next possibility. The final day was a one way up day. It broke the HIGH of the prior day by 10:15 and by 10:45 was above the HIGH of the prior day and did not see that level again on that day. The high on that day came at 15:00. So to summarize all that mess above…if I can…. If we start out low, look for the action at the HIGH of today, 1364.00. If that level turns us back, look to short it there with expectations of new LOD being set and the low being late, 15:30 to 16:00. If instead, we break through 1364.00 early in the day and continue up, look to get long with the expectation of the day being one way up with the high coming around 15:00. I think it will be the slow meandering type that should a good all day hold. Be careful around 11:15 and around 14:30 and cautious of the chop city days mentioned above, but I don't expect that to be the case. Finally if we open at a high point, look to go long around 11:10 and set a new HOD at about 14:10 at which time a short is in order for a nice ride to new LOD. The last is the preferred read, the rest are the other possibilities. Good Luck.