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


To: jefe12 who wrote (5123)8/7/2002 11:24:06 AM
From: Ramus  Respond to of 11288
 
Jeff, FWIW Ed Downs set his "fulcrum" at 854 for today. He uses the word fulcrum to describe a local S/R line. He believes each day has a fulcrum or decision point that the market will move away from in some direction as the bulls and the bears battle it out and one side dominates the other. On the S&P 500 he went long yesterday at 854 and will get out and go short there if that line is crossed downside today.

Walt