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

To: Leland Charon who wrote (1656)	7/24/1998 9:16:00 AM
From: Patrick Slevin	Respond to of 44573

I'm not taking any of the "model" trades until I test further. Also, I have a few twists I wish to poke into the system. I'm going to add variables like Banks, Oil, NASD (for cross-market purposes) and so on. As for today, the late hour selling yesterday was monsterous. Evidently Globex feels it was overdone (up 740) and it was. I'm not trading today....at least I don't think so....but I would look for a pullback probably at 9:45 or 10 ET and bottoming around 10:15 and then look for a profitable bounce. I would think the bounce has played itself out around the noon hour or perhaps a little later as traders start to square off early ahead of the weekend. I'm not playing it because first of all I had a nice week and there is no sense in pushing my luck and ruining my weekend. Secondly I have to pack for a weekend trip and may leave home a little early to beat the traffic. Good luck today.