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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Alski who wrote (4408)12/9/2004 12:39:12 PM
From: Michael Watkins  Read Replies (1) | Respond to of 12410
 
I only did 1/2 size order since I didn't have a good setup going into it. Have been stalking longs all morning, even while getting new shorts ready. Tests of bottoms are the only place where I will ignore the longer term intraday trends (15, 45, 135M) that might be in place and think in both directions.

Trailing profit taking stops here for the time being, I may back off and hold if appropriate patterns form intraday.

Declining volume is still rising intraday here on NYA and COMPX but not the a/d volume weighted indicators - stopped declining after noon.