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

To: jefe12 who wrote (6221)	8/27/2002 11:00:30 PM
From: the-phoenix	Respond to of 11288

You are starting to sound like Paul Cherney. LOL! Two comments: 1.) The patterns in February and May were countertrend patterns (longs in a bear market), while the current ones support resumption of the primary trend (Still down, IMHO). Thus, the current patterns have higher probability for followthru after any short term bounce. 2. The SPX showed significant relative strength today, as it did for most of the down legs of the Bear market the past year. The NDX tends to outperform on the way up. This basically tells me to trade the NQs, because they go down more when we are going down (like today) but go up more when we are going up.