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

To: the-phoenix who wrote (5363)	8/16/2002 12:10:49 AM
From: jefe12	Read Replies (1) \| Respond to of 11288

Phoenix- What does QQQ 23 equate to in ES points? 900?

To: the-phoenix who wrote (5363)	8/16/2002 2:02:09 AM
From: Ramus	Read Replies (1) \| Respond to of 11288

Phoenix, "Walt: 40 more points tomorrow? Good luck!" LOL!! At the risk of repeating myself I'll repeat myself. "I've moved my stop to 920 for tomorrow. I think 918-920 is the area of recent support that if violated will back track some so will look to go short if we go below 918 or so. Based on yesterdays opening consolidation and up move and todays consolidation I believe we could get to about 970 tomorrow, if we don't reverse. Anyway, 920 will capture good profit if violated and if we reverse heading back up, I will look at going long again about 935." Soooooo, do I think we will move up to 970 tomorrow??? "I've moved my stop to 920 for tomorrow." If I was looking at myself from another point of view, I think I would perceive that I've just moved my stop up close because I'm going to take profits on the slightest breath of a down move. I think I would perceive it to be the action of someone who believes it likely that we will move down tomorrow. After all, I said that I think if we violate 918-920 we will go down some. I believe this because we just had a really good run up and today we consolidated above this line, kept the gains we just made. If we violate this line then something is rotten(not just in Denmark) and likely we will head back down. Anyway, what I was imparting to the fourth dimension is that I have a plan to deal with the possible outcomes and the consolidation target I mentioned was a curiosity for his rumination. Walt