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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (1612)7/23/1998 1:22:00 PM
From: Nemer  Read Replies (2) | Respond to of 44573
 
BBx
say bounce coming NOW

no defining point as to how much
and I'm not able to trade

SPX
currently trading at
1147.01




To: Patrick Slevin who wrote (1612)7/23/1998 1:36:00 PM
From: Nemer  Respond to of 44573
 
SPX

well. the BBx bounce wasn't much of a bounce, but taking into consideration the strength of the downdraft , perhaps the mere slowing of the fall at 1147 was acceptable as a forecast ----

SPX did bounce at 1146 after slowing a great deal at 1147 ----
currently trading at 1149.89

the BBx has offered no more information ------



To: Patrick Slevin who wrote (1612)7/23/1998 1:39:00 PM
From: Kevin  Read Replies (2) | Respond to of 44573
 
I'm calculating an extra support for the SPX just below 1150, and agrees with support #2 from the pivot system. Because of this I will exit my position when we go back above 1150.