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

To: Chip McVickar who wrote (43791)	2/2/2001 2:51:36 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 44573

I saw GZ's comment about the 3 day sell... I would take it short here to the close and cover if you like it here... Short the bounce on Monday... JoAT

To: Chip McVickar who wrote (43791)	2/2/2001 3:00:02 PM
From: forkit	Read Replies (2) \| Respond to of 44573

Chip: I was short from near the opening [1380 1/2] and just covered my spoos at an average of 1361. This market looks very weak to me, but in the froth of chaos following the fed meeting and rate cuts, I took a nice chunk out of the market today and I'd rather be flat and happy over the weekend. I would not be an initiating seller at this level on a Friday--I personally would rather sell it on further weakness Monday morning. Tim Edit: I have never been on the right side of the technical problems on the CME...when quotes went slow or delayed and my broker called me, I exited. I see now we may still see more downside, but I do not keep positions on when there are problems trading, whether it is personal or related to the exchanges.