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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: High-Tech East who wrote (10274)	2/12/2002 8:46:21 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Ken, As you know, futures are a different animal and the market in the first 60 to 90 minutes of trading (let alone overnight trading) can bring so many whipsaws before the end of the day that you should simply use MITA analysis as subservient or complimentary only to your own analysis first. You could get stopped out three or four times depending on how tight you keep stops before the ramp begins. As a general rule, I have heard many friends say never trade the market in the first hour of trading (especially futures) as the first hour usually has market hours in the direction of the immediate trend. Best Regards, J.T.