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

To: forkit who wrote (43794)	2/2/2001 3:22:54 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Tim, That was an excellent trade... Congratulations...! Did not trade as I was occuppied with other things. Missed a nice run..!

To: forkit who wrote (43794)	2/5/2001 10:17:21 AM
From: Chip McVickar	Respond to of 44573

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.<< You added this edit to one off your posts to me that I missed. And I agree here, I'd held a short position overnight and got a morning call confirming the buildings electrical system was closing down for an hour Plus, because of street crews working on cable lines. I was in the money by 50+ points, so I called and exited before my target. But I lost out on another 20 points. No sense being blind and hopeful. <smile> SPX daily has a nice trend line off the highs from Sept. I'd think that would be a retrace target, and in a few days that will sit at 1300±. Also there's a lot of fork lines having fun in that area. I don't expect to be surprised if 1345 is broken and the next low is 1290-1300±....? Elections in Israel could create a knee jerk for all western markets. Traders may take advantage of that news to rattle out weak hands. Oil should react as well...?