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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 (44183)	3/13/2001 4:00:45 PM
From: Michael Watkins	Respond to of 44573

Closed my short from yesterday mid morning, reclaimed some of the lost profit on a short to the test of low and then a long scalp. Sure took a long time today before it powered up. Maybe we'll see some grinding up into serious resistance overhead (SPX) and then ... who knows.

To: Chip McVickar who wrote (44183)	3/13/2001 6:01:00 PM
From: Patrick Slevin	Respond to of 44573

For me, I just do not have much time. Here and there, but I cannot tell the market to wait until I have the time to trade a move. One thing I am doing is replacing an old machine with an AMD Athelon (?) 900 machine. Less than $500, it can be a backup machine. Been real tired of fixing Windows 2000. Now I should be able to just switch over to the backup and repair the regular machine when there is time. $500, I should have done this a long time ago. I know a guy who keeps old IBM junks around just in case....runs 16 computers at once. A week rarely goes by that he isn't pulling out a hard drive here, flipping a monitor there. He trades between 10 and 100, sometimes more than a hundred, SP Contracts at a time. Rather than have one or two great machines that can kill his day, he has a junkyard full of spare parts. I think it's probably the only smart way to go, particularly for me. I was always more hardware-inclined than software-inclined. We once ripped out the guts of two Apple ][+ machines to repair a short that a friend had created in one. Even tough the Irish Water of Life was flowing, the only mistakes we made was to put a few RAM in backwards. Saved the guy over a thousand dollars. We saved his CPM card, the motherboard and a few other cards. The only Baked Apple card was a Hayes Modem, which Hayes replaced for free. Warranty. But give me a software glitch and I revert to rigaut.home.cern.ch

To: Chip McVickar who wrote (44183)	3/14/2001 8:54:39 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

Finally, a reporter who says what is going on without presuming to know "why" it is happening. netscape5.marketwatch.com Looking at a daily SPX last night I noticed yesterday's lows were just below a 1.618% retrace from the December Lows to the January Highs. I cannot recall the significance of a 161.8% move, can you? I have that pegged for some reason but it happens so rarely I forgot why I have it marked!!!! More strange but true fib numbers. 1071 is a 38.2% retrace from 1990 Lows. 1126 38.2% from the 1994 Lows Most likely we shall break the 78.6% retrace from the 1998 Lows today, which is at 1059 I'm looking forward to a day when I can try to target retraces going up, instead of down. Anyway, it seems like a fair day to trade currencies, I hope. So I took the CDM1 Long at 64^60 Yes, I'm too old for this stuff.