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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (493)	2/12/2002 4:16:49 PM
From: the-phoenix	Read Replies (1) \| Respond to of 11288

>>After strong move up, I would be looking to buy on a pullback instead of looking to sell at resistance.<< So, did you buy today? I shorted all day, and did well. The best trade of the day was selling into the retest of yesterday's high (resistance) and holding for the pullback into the 50sma15. I don't see enough of a pullback yet to make me want to go long, so scalps of 2-5 points on the short side just felt safer to me today. It's that contrarian thingy, again, I guess. :-) >>Resistance is really difficult to define except in hindsight.<< Can't you say the same thing about support??? Phoenix