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

To: Chip McVickar who wrote (6258)	5/25/2005 4:23:23 PM
From: Doo	Read Replies (1) \| Respond to of 12411

I see the gap, I see the potential for an island reversal, but other than "Island's in the Stream", I don't know what an "island" has to do with trading. Oh...wait, May 10? Sure, there's an island reversal that you describe but that's been there for a very long time (considering the time frame) and we are talking about a relatively short term trading signal.....and it had it's projected effect. BTW, I wouldn't consider the SPX to show the island reversal you are outlining....the June ES does, however, although the gap left behind is very small. I thought you were looking out into the future and hoping/pondering/dreading/whatever for an island reversal to form off the 18th....sorry.